News & Insights

Downloads, Resources

TAX AUDIT TRIGGERS | KRA PROMPTS IN KENYA

TAX AUDIT TRIGGERS| TAX PROMPTS IN KENYA A tax audit is examination, investigation, looking over or evaluating of books and records of accounts for taxation

Downloads, Resources

TAXATION OF MONTHLY RESIDENTIAL RENTAL INCOME (MRI) IN KENYA

TAXATION OF MONTHLY RESIDENTIAL RENTAL INCOME (MRI) IN KENYA The Finance Act 2015 introduced a new Section 6A in the Income Tax Act Cap 470

Downloads, Resources

EMPLOYEE VS CONSULTANTS CONTRACTS IN KENYA

EMPLOYEE VS CONSULTANTS CONTRACTS IN KENYA An employee is an individual who was hired by an employer to do a specific job. The employee is

Downloads, Resources

TAX OBLIGATION AND DEADLINES IN KENYA

Tax obligation is an amount of tax one is required to pay at a particular period . In Kenya different tax obligations have different deadlines.

Downloads, Resources

8% VAT ON KENYAN PETROLEUM PRODUCTS |NEW FINANCE ACT 2018 IN KENYA

THE FINANCE ACT 2018 IN KENYA The Finance bill 2018 was passed by the National Assembly on the 30th August 2018, and was presented to

Downloads, Resources

New Reduced Tax 2018 – GGC

New Reduced PAYE Tax Bands for Year 2018! Pursuant to the 2017/18 National Treasury budget and the new Finance Act 2017, the new PAYE tax

Resources

OECD releases latest updates to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

10/07/2017 – Today, the OECD releases the 2017 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. The OECD Transfer Pricing

Resources

OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2017

This 2017 edition of the OECD Transfer Pricing Guidelines incorporates the substantial revisions made in 2016 to reflect the clarifications and revisions agreed in the

Resources

Typical Tax Challenges for SMEs

Typical Challenges for SMEs Failure to keep books of accounts & records such as sale invoices, purchase invoices, credit & debit notes, customs entries, audited

Resources

NHIF Rates

NHIF Rates – Effective 1st April 2015, Gross Income (Kshs) premium 0-5,999 150 6,000 – 7,999 300 8000 – 11,999 400 12,000 – 14,999 500

Resources

Summary of Taxes and Statutory Compliance

The summary of the taxes applicable in Kenya are as follows; 1. Corporation Tax {Paid as Installment Taxes} 30%, (25% in year 2020) 37.5% (Non-Resident

Resources

Monthly Returns & Deadlines

PAYE – Deadline 9th of the following month VAT – Deadline 20th of the following month KEBS – Deadline 20th of the following month

Resources

TAX AMNESTY GUIDELINES ON FOREIGN INCOMES

Tax Amnesty Guidelines issued under Section 37B of the tax procedures Act These guidelines may be cited as the Foreign Income and Assets tax Amnesty