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BDO has released IFR Bulletin 2023/01 summarising the activities in standard setting by IASB during the year 2022. The Bulletin provides a concise list of standards and amendments that became effective during the last year or will become effective in the coming years. It also provides a snapshot...
Factors such as the COVID-19 pandemic, evolving geo-political risks, energy supply shortages, and inflationary pressures are leading to an uncertain economic environment. There are numerous accounting implications across multiple areas such as going concern assessments, judgements and estimates...
On 20th September 2021, the High Court nullified Section 12D of the Income Tax Act, but KRA appealed the ruling.Attached is a Tax Alert highlighting the High Court ruling on the Minimum Tax Appeal.Read more:
Cyber-related corporate fraud is a pervasive threat in today's increasingly digital business environment. Dedicating appropriate attention to anti-fraud measures, including training, hotlines, recruiting, internal control and attitude are keys to minimising losses, but are organisations fully...
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.