In a recent notice, the KRA has provided clarification on the applicability of insurance relief to contributions made to the Social Health Insurance Fund (SHIF). Currently, insurance relief does not extend to SHIF contributions, but the proposed Tax Laws (Amendment) Bill, 2024, seeks to address this. Find out more in our alert here.
Insurance Relief Applicability to Social Health Insurance Fund (SHIF) Contributions
-
A tax return is a form or forms filed with a tax authority that reports income, expenses, and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.
-
The Quagmire around New PAYE Rates By Brian Kangetta, Director – Andersen Tax in Kenya In his 25th March 2020 address to the nation, His Excellency President Uhuru Kenyatta announced a number of measures that were aimed at cushioning businesses and Kenyan citizens at large from the negative effects of the Coronavirus pandemic. Key among [...]
-
Pointers as you claim VAT on purchases By Brian Kangetta, Partner – Andersen Tax in Kenya 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 generate invoices and Electronic Tax Register (ETR) receipts that were [...]