Press Room: Articles
June 23rd, 2020
VAT on commercial property
It has definitely not been business as usual for the Kenya Revenue Authority following a recent decision by the High Court relating to Value Added Tax on commercial buildings.
November 24th, 2021
Specific versus Ad Valorem Taxation: Effect of Inflationary Adjustments on Taxation
Excise Duty is a duty charged on specific goods and services manufactured locally or imported on varying rates. Excise taxes can be either specific or ad valorem. Specific excise taxes are charged per quantity, such as per cigarette, pack, or kilogram for example Ksh 12 per pack regardless of price. Ad valorem excise taxes are [...]
December 4th, 2024
Insurance Relief Applicability to Social Health Insurance Fund (SHIF) Contributions
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.
November 26th, 2021
Kenya’s Voluntary Tax Disclosure Programme- Is it all bark and no bite?
On 26th February 2021, the KRA Commissioner Domestic Taxes Risper Simiyu officially launched the Voluntary Tax Disclosure Programme (VTDP) brought into law by the Finance Act 2020. The programme came into effect on 1st January 2021 and will run for a period of 3 years up to 31st December 2023. It is intended to expand [...]
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, [...]