BUDGET HIGHLIGHTS 2022/2023

Ronalds LLP review on The Kenyan Budget Statement 2022/2023

On Thursday, 7th  April 2022, the Cabinet Secretary in charge of the National Treasury, Ambassador Ukur Yatani, presented the Budget Statement themed; ‘Accelerating Economic Recovery for Improved Livelihood’ for the financial year 2022/23 to the Parliament.  The budget is widely seen as a balancing act of driving the big four agenda, and enhancing the economic […]

Taxation of ‘Business Profits’ under Article 7 of the Kenya DTAA

Taxation of ‘Business Profits’ under Article 7 of the DTAA

Background Kenya has signed DTA with several countries across the globe to avoid double taxation and promote international trade. Withholding Tax on Management Fees There arise situations where some DTAs do not have a management fee Article, such as the DTAs between Kenya and France/South Africa/UAE/Qatar. In such a situation, the question that arises is […]

Invalidation of VAT Regulations, 2017

Invalidation of VAT Regulations, 2017

Invalidation of VAT Regulations, 2017 The High Court recently delivered its judgment in Income Tax Appeal No E84 of 2020: Commissioner of Domestic Taxes v W. E. C. Lines (K) Limited . The Court declared the Value Added Tax Regulations, 2017  herein referred to as VAT Regulations, 2017 invalid. In a case between Kenyan-resident shipping agent (W.E.C. […]

Financial Governance for Family Business.

Financial Governance for Family Business. 2

What does Financial Governance for Family Business entail? Below are the critical aspects of financial governance in family businesses. Financial Accountability – Accounting for all the Financial Transactions. It will entail maintaining clear records of all incomes of Family Business, Expenses, Business Assets, Liabilities, and Equity Contribution from Family Members. Family Business to Prepare Management […]

ZERO-DAY ATTACKS; Definition, Examples and Best Practices

ZERO-DAY ATTACKS; Definition, Examples and Best Practices 3

ZERO-DAY EXPLOITS Cyber-attacks can be catastrophic for businesses because hackers can steal money, data, or intellectual property, jeopardizing your operations. Note therefore that no company, organization or individual is immune to these attacks. It is therefore of great importance to cover your organization against zero-day attacks by putting stun measures and active monitoring on the […]

Transforming Kenya through Public Sector Organizations reforms

Transforming Kenya through Public Sector Organizations reforms.

Public Sector Organizations reforms Kenya is one of the most ambitious countries in the world. We have a high percentage of citizens who are young and energetic, open to opportunities to make it big not just in Kenya but in the World. However, these opportunities are bottlenecked and destroyed with the acts of poor policy […]

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