Press Room: Articles
December 1st, 2021
Export of Services in Kenya: Case Breakdown
Paragraph 32, Part II of the First Schedule of the VAT Act, 2013 provides that exportation of taxable services are exempt. This means that companies exporting services are not be able to claim input VAT incurred in the supply of exported services. Paragraph 32 was introduced in the Finance Act 2021 at a time where [...]
December 3rd, 2021
ILLICIT FINANCIAL FLOWS
Introduction Digitalization has posed a huge threat to the global financial systems. From the growing use of electronic ‘cash’ including crypto currencies and e-commerce to the internationalization of supply chains, the explosion of peer-to-peer (P2P) networks, the disclosure of massive amounts of personal information through social networks, the increasing use of ‘deep learning’ methods in [...]
January 13th, 2022
Country by Country Reporting in Kenya
The Finance act 2021 introduced a requirement for Ultimate Parent Entities (UPE) of multinational companies (MNE) resident in Kenya to submit returns, on an annual basis detailing the group’s financial activities in Kenya and all other jurisdictions where any of the group entities have a taxable presence. Following this development the Cabinet Secretary has published [...]
April 21st, 2022
Finance Bill 2022
To read click here https://ke.andersen.com/wp-content/uploads/2022/04/Finance-Bill-2022-Analysis-New-.pdf
April 22nd, 2022
Finance Bill 2022.
Click here to read https://ke.andersen.com/wp-content/uploads/2022/04/Finance-Bill-2022-Analysis.pdf
August 7th, 2024
Court of Appeal Declares the Finance Act of 2023 Unconstitutional
President Ruto had to withdraw the controversial Finance Bill 2024 after deadly protests across Kenya. The bill had proposed significant tax hikes, including motor vehicle taxes and eco levy taxes. The protests, led by the Kenyan youth popularly known as Gen-Z, turned violent and resulted in at least several deaths. Protesters breached the parliament building, [...]
August 29th, 2024
Potential Impact of the Tax Procedures (Amendment) Bill, 2024
The Tax Procedures (Amendment) Bill, 2024, currently introduced in Kenya's National Assembly, seeks to make several pivotal changes to the Tax Procedures Act. If passed into law, this Bill will significantly impact taxpayers and the business environment. Below is an overview of the key amendments and their potential effects: 1. Extension of Tax Amnesty • [...]
August 30th, 2024
Data Privacy Risk: Strategic Insights from the Malibu Case
Introduction The case involved a complaint lodged by N****O***** (the Complainant) against Malibu Pharmacy (the Respondent). The Complainant alleged that the Respondent had mishandled her personal data by including sensitive information—such as her name, contact details, home address, and an incorrect medical diagnosis—on the outside of a medication package. Further, that the information had been [...]
July 7th, 2021
Finance Act 2021 Highlights
To read the full document click here https://ke.andersen.com/wp-content/uploads/2021/07/Finance-Act-2021-Andersen-Highlights-002-New.pdf
November 17th, 2021
IS KRA ALTERNATIVE DISPUTE RESOLUTION A VIABLE OPTION FOR YOU?
The Alternative Dispute Resolution (ADR) framework was launched by KRA in June 2015 with a promise to restore transparency and efficiency in tax audit and investigations. This followed the passing of the Tax Procedures Act, No 29 of 2015 (TPA), which provides for an elaborate Internal Dispute Resolution Mechanism (IDRM). This article explores the extent to [...]