Blogs | Audit. Tax. Advisory

Hospitality in Kenya; Staying at the Top

What are the Key success factors affecting the hospitality industry in Kenya? The hospitality industry is affected by several factors. These factors are; in-house advertising, value offer, technology, innovation, client management, and a motivated workforce. What then can managers do to manage these factors to thrive and achieve success? In this article, we’re going to […]

POSITIONING A BUSINESS IN THE AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)

How Companies can position themselves in the African Market through the African Continental Free Trade Area (AfCFTA) The African continental free trade area (AfCFTA) is a determined trade pact ready to form the world’s largest free trade area by connecting almost 1.3 billion people across 54 African countries. The agreement aims to create a single […]

SME INVENTORY MANAGEMENT TECHNIQUES

Inventory Management for SMEs Small and Medium Enterprises (SME) are the backbone of the Kenyan economy contributing up to 40% of its Gross Domestic Product (GDP); Inventory management techniques are equally are the heart of most businesses and they fall under different categories i.e. Raw Materials, Work in Progress (WIP) Finished Goods Packaging Repair and […]

Audit Tax Advisory

Redefinition of Preferential Tax Regime

Initially, Transfer pricing regulation was only applicable to transactions between a resident corporate entity and a related non-resident entity operating or a resident-related entity in a preferential tax regime.

Finance Act 2022

On 21st June 2022, The President of the Republic of Kenya assented The Finance Act 2022 into law and was published by the Cabinet Secretary, Ministry of National Treasury on Thursday, 23rd June 2022. This Finance Act has introduced a raft of tax measures to amendment The Income Tax Act, Value Added Tax Act, Excise […]

IAS 1 PRESENTATION OF FINANCIAL STATEMENTS

IAS 1 PRESENTATION OF FINANCIAL STATEMENTS IAS 1 is an International Financial Reporting Standard adopted by the International Accounting Standards Board (IASB) IAS 1 sets out overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content. It requires an entity to present a complete set of financial statements at least […]

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

Taxation of ‘Business Profits’ under Article 7 of the Kenya 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 […]

The impact of indirect taxes on internet in East Africa.

Impact of indirect taxes on the internet in East Africa. In the recent past, there has been a trend of countries focusing more on indirect taxes since they are easy to collect and broad-based. Hungary, though perceived as a lower tax jurisdiction due to the low corporate tax of 8%, has the highest VAT rate […]

Audit. Tax. Advisory

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