Top SME Tax Compliance Tips for Kenyan Businesses in 2024
SME tax compliance in Kenya is not just a legal requirement—it’s a critical aspect of business sustainability. For small and medium-sized enterprises (SMEs), navigating the complex tax landscape can be challenging, but with the right strategies, businesses can minimize their tax liabilities and avoid costly penalties. This blog explores key strategies for mastering SME tax […]
CS Treasury : A New Era of Economic Reform
The appointment of Hon. John Mbadi as Kenya’s new Cabinet Secretary for Finance and Economic Planning marks a pivotal moment for the country’s economic future. With a national debt exceeding KES 10 trillion, the CS has outlined a bold agenda to drive economic reform, focusing on tax amnesty and VAT rationalization. This blog delves into the proposed amendments and their potential impact on Kenya’s financial landscape, offering insights into the measures that could reshape the nation’s economy.
Compliance with Tax Invoice Management System (TIMS)
In the words of author John Maxwell, ‘Change is Inevitable, Growth is Optional.’ In order for businesses to deal with these changes, they have to be flexible in their operations, anticipate as well as be proactive in their strategy formulation. We are in an era where most things, if not all, are digital. Likewise, for […]
Rights of a taxpayer in Kenya.
Your rights of the taxpayer in Kenya
The Finance Act 2019
THE FINANCE ACT 2019 The President of Kenya assented to the long awaited Finance Act, 2019 from the parliament on 7th November, 2019. The Act maintained most of the provisions from the Bill. However, the National Assembly eliminated the following provisions; Increase in the Capital Gains Tax; Widening the range of services subject to Withholding Tax; […]
Kenya Finance bill 2019
In order to amend the existing tax laws and fiscal policies, the parliament of Kenya has passed
the Finance Act 2019 affecting various key tax provisions. Below are the major main changes that might affect entities operating in Kenya and their international parties;
