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Value Added Tax


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
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Tax Fraud


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.
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Customs


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
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Covid19


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
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Customs


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
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Covid19


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
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Litigation


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
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Tax Fraud


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
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Companys Act


A foreign company registered outside Kenya wishing to do business in Kenya may either register a branch office or a subsidiary in Kenya. A subsidiary is considered a local company with compliance requ
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Tax Policy


Kenyans have until 5pm Monday to submit their views in writing on the Value added Tax (Amendment of the Rate of Tax) Order, 2020, to the National Assembly Clerk. The 2020 Tax Laws (Amendment) Bill,
Daily Nation - April 2020-96

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Litigation


Around 2016/2017, the Kenya Revenue Authority (KRA) purportedly unearthed a fraudulent “missing traders scheme”, under which it is claimed that a number of businesses had been established to gener
Business Daily-95

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Covid19


Almost half a million companies in Germany have sent their staff on short-term working schemes — known as "Kurzarbeit" — to trim their payroll costs with immediate effect. Never before
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Tax Policy


National Assembly Speaker Justin Muturi is expected to gazette special sittings of the National Assembly on April 8 to consider economic stimulus interventions that President Uhuru Kenyatta announced
Daily Nation - 31 Mar 2020-93

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Covid19


The Treasury is preparing undisclosed tax relief to traders and homes under a fresh bailout for coronavirus-hit businesses that will also allow personal borrowers who get into difficulties to extend t
Business Daily-92

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Tax Policy


What is sin tax? Sin tax is levied to discourage people from consuming goods or services such as tobacco and alcohol that are harmful to society. It serves two purposes: i) Make the specific goo
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Tax Administration


Betting fans and football enthusiasts have not only been mourning but also engaged in all kinds of crazy antics. This following the move by betting companies to levy 20 percent tax on their money, eve
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