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Business success is often defined by the way an organisation is governed and hence, the term corporate governance. Basically, corporate governance is about ownership and control. It is formally defined as a system of rules, practices, and processes by which an organization is directed and...
The Finance Act, 2022 overhauled transfer pricing (“TP”) governance as contained under the Income Tax Act (“ITA”). Effective 1stJuly 2022, the newly introduced provisions will require multi-national enterprises (“MNEs”) or their constituent entity resident in Kenya to:Submit Country-by-Country (...
"East African Fintech is driven by a unique blend of technology innovations, mobile adoption and investor interests. The area has seen a combination of government policy and private sector innovation lead to a technology revolution in the region. We are always ready and willing to find the most...
The purpose of the amendment is to address issues regarding the income tax charged on share premiums.
A simplified pocket sized guide on taxation in Kenya. It captures changes effective from 1st July 2022 and 1st January 2023. A physical copy is available for our clients.
"The Finance Act, 2022 (“the Act”) was gazette on 23rd. June 2022 with the legal provisions contained under the Act taking effect on either on 1st July 2022 or 1st January 2023. The Act has overhauled the transfer pricing provisions. Specifically, Kenya now will require filing of the Master File...
The Minister of Finance has tabled Tax Amendment Bills in Parliament. This brief is a summary of the tax and administrative changes that will take effect on July, 1 2022 if passed by Parliament and assented to by the President. It is important to emphasize that these are tax proposals, they are...
The National Treasury Cabinet Secretary (CS), Ukur Yattani, delivered the 2022/2023 Budget Speech. The 2022/2023 budget is worth Sh3.31 trillion.Download the our this document to get a snapshot of the Kenyan economy as well as the amendments propsed by the CS during the budget speech.
In this tax alert, we highlight the recent tax decision where the High Court addresses the concern regarding the application of withholding tax on the accrued interest. We also unpacked the rationale of the Court decision and the learning points from the case.