by admin | Jul 8, 2021
The Finance Act, 2021 (the Act) was signed into law by the President on 29 June 2021 and thereafter gazetted on 1 July 2021. Most of the changes brought about by the Act are aimed at streamlining the tax amendments that were introduced in 2020 and filling the gaps in...
by admin | May 14, 2021
The Finance Bill, 2021 (the Bill), was published on 5 May 2021 to make amendments to a raft of laws in Kenya, including the Income Tax Act (CAP 470), the Value Added Tax Act, 2013, the Tax Procedures Act, 2015, the Miscellaneous Fees and Levies Act, 2016 and...
by admin | Jan 11, 2021
Voluntary Tax Disclosure Programme is a tax amnesty programme designed to assist taxpayers to regularize their tax compliance status, by allowing them to voluntarily declare their historical tax liabilities to the Kenya Revenue Authority (KRA), with a view of the...
by admin | Jan 11, 2021
According to Section 12D, the minimum tax is applicable where a person’s instalment tax is lower than their minimum tax (1% of turnover) and is payable in four instalments payable by the 20th of the 4th, 6th, 9th and 12th month of a year of income and is a final tax....
by admin | Jan 6, 2021
On 24th December 2020, The National Treasury gazetted the Tax laws (Amendment) (No.2) Act 2020. (Act). This was after the President had directed the National Treasury to relook at the preferential tax rates that had been rolled out by the government to cushion...
