The Power of Xero’s Real-Time Financial Reporting for Real Estate Companies Working in real estate means dealing with large sums of money on a regular basis. That’s true whether you: • run a real estate agency employing commissioned salespeople• manage …
TAX AMNESTY PROGRAM ON INTEREST AND PENALTIES IntroductionThe Finance Act 2023 introduced a tax amnesty for interest and penalties on tax debt by introducing a new section 37 E to the Tax Procedures Act, 2015. ApplicabilityThe Commissioner shall refrain from …
AUDITING ESSENTIALS FOR REAL ESTATE COMPANIES A real estate audit is a practice conducted to ensure real estate companies not only comply with all relevant regulations but also ensure financial integrity and provide assurance to the stakeholders in the industry. …
Tax Update The Finance Act 2023 introduced the AHL with effect from 1st July, 2023. Kenya Revenue Authority has been appointed as the collecting Agent of the Affordable Housing Levy (AHL). The Kenya Revenue Authority made the following clarification with respect …
Payroll Procedures Update for Finance Act 2023 PAYROLL PROCEDURES FOLLOWING KENYA’S COURT OF APPEAL ORDER TO LIFT SUSPENSION OF FINANCE ACT 2023 The Court of Appeal on 28th July 2023 lifted the suspension of The Finance Act, 2023. This meant …
AI and the Enterprise Artificial Intelligence has caused a storm in the world as new versions of this technology have come online from various tech giants. What does this mean for the modern enterprise? This article will attempt to unpack …
KKCO East Africa LLP and FinTech Kenya, the Silicon Savannah, is rewriting the fintech playbook! Covering a broad scope as follows ; 1. Mobile Money and Digital Payments2. Digital Lending3. Insurtech4. Investment and Wealth Management5. Blockchain and Cryptocurrencies6. Financial Inclusion …
Corporate – Taxes on corporate income Resident companies are taxable in Kenya on income accrued or derived from Kenya. Resident companies with business activities outside Kenya are also taxed on income derived from business activities outside of Kenya. Non-resident companies …
KKCO Analysis of The Finance Act 2023 Share this page on Linked IN Facebook Twitter Whatsapp Email LinkedIn Facebook Twitter WhatsApp Email
Kenya’s Value Added Tax (VAT) is a consumption tax imposed on goods and services consumed in the country. It is a multi-stage tax, meaning that it is charged at each stage of the production and distribution chain. This guide provides an overview of the VAT system in Kenya, including the applicable rates, registration requirements, and compliance obligations. It also outlines the benefits of VAT for businesses and consumers alike.