../../../../applications/modal/login.php
/news/n_applications/views/stories/allStories.php
tbnv It is an established principle that what is not “income” under the income tax law cannot be taxed, and where there is no sale of “goods” or providing and rendering of services between two
tbnv Knowing the difference is important in getting the right VAT treatment
The difference between reimbursement and disbursement is significant from the VAT point of view as reimbursements are sub
tbnv Legal notice no 52 of 2002 (LN 52), Income Tax Leasing Rules (2002) gives the guidance on how Leases are to be treated for tax purposes.
Below we will be looking at the issue in more detail.
tbnv In January 2016, the International Accounting Standards Board (‘IASB’) issued IFRS 16 replacing IAS 17. IFRS 16 has fundamentally changed accounting for operating leases.
IFRS 16 became ef
By
John Muiruri
Reviewed April 06, 2021
tbnv The difference between being an independent contractor or an employee can have an impact on your income tax, particularly if you think you're a co
John Muiruri-109
The Kenya Revenue Authority (KRA) on Monday suffered a blow after the High Court sitting in Nairobi allowed an appeal lodged by CocaCola Central East and West Africa Limited contesting a ruling issued
Business Daily-108
tbnv This claim is contained in a court case questioning the government’s double taxation agreements sanctioned by the Treasury.
“The claim that for the double taxation agreements (DTAs) inste
Kamau muthoni-107
KRA to collect Sh10bn more after raising tax.
The government expects to collect an additional Sh10 billion this financial year after it raised tax on some 31 products beginning October 1.
KRA yest
Peter mburu -106
WHAT HAS CHANGED?
HMRC has changed its approach to VAT on deposits. The change affects situations where a deposit has been paid, but not the actual supply required, i.e. a customer pays a supplier th
tB team-105
The Kenya Revenue Authority has turned its guns on hundreds of Container Freight Stations (CFSs) on the Coast region as the crackdown on a suspected customs tax evasion network shifts to insiders.
tB team 2010-104
Goods can be stored in a Custom Bonded Warehouse up to nine months without having to pay VAT or other custom duties, deferring this cost until it is time for the goods to be removed or sold and reduci
tB team-103
Kenya’s Taxman will introduce an amnesty programme for income tax, VAT and Excise Duty once the Finance Bill 2020 is passed into law. It is aimed at bringing into the fold thousands of taxpayers KRA
tB team-102
Independent importers of wines and spirits, cigarettes, motor vehicles and spare parts are set to be hit hard as KRA effects tough new rules to prevent them from using bonded warehouses.
Bonded war
tB team-101
Tax Laws (Amendment) Act 2020 (the Act) was assented to by the President on 25/05/2020.
Key changes include
- doubling tax free employment income
- increasing tax bands by about 40%
- reducin
tb Team 200515-100
In Summary
The powers to search any premises and seize goods, documents or storage device are donated to KRA by Section 44 and 60 of the Tax Procedures Act.
The High Court in Nairobi, however, p
tb Team 200515-99
The Court of Appeal has dismissed a request from the taxman for Google to be compelled to reveal the identity of hackers who breached its systems.
In a ruling made yesterday, the Court of Appeal th
Nation 200513-98
col 5xyz
col 6xyz
col 5xyz