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1 Oct 2021
Mergers & Acquisitions: Lessons to Learn From Rubis And Gulf Energy Dispute
Gulf Energy and Rubis Energy are battling in court over privacy and security issues that arose after an acquisition. Rubis Energy acquired KenolKobil in 2019, a transaction that enabled it to acquire ...
31 Jul 2021
Highlights of the State of the Banking Industry Report, 2021
The Kenya Bankers Association Centre for Research on Financial Markets and Policy released the third annual State of the Banking Industry (SBI) Report on 27th July, 2021. It focuses on the impact of t...
16 Jul 2021
Key Strategies in the Transformation of Kenya’s Tax Administration
Dr Mohamed Omar – KRA Commissioner – Strategy, Innovation and Risk Management Tax systems go through changes over time, as economies and societies equally evolve. Tax administration in Kenya has b...
16 Jul 2021
The draft Capital Markets (Investment Based Crowdfunding) Regulations, 2021.
The Cabinet Secretary to the National Treasury and Planning is proposing to make the Capital Markets (Investment Based Crowdfunding) Regulations, 2021. The Regulations will apply to investment-based c...
3 Jul 2021
More than 5.5 million taxpayers file returns as filing period closes
More than 5.5 million taxpayers filed their tax returns for the year 2020 as the filing period officially closed at midnight on Wednesday 30th June 2021. This means that 1.1 million more taxpayers tur...
25 Jun 2021
File your Annual Tax Return to avoid penalties for Non-compliance
By Rispah Simiyu Worldwide, a good tax compliance score is a fundamental aspect for the smooth running of any business or any profession. Contrary to popular belief, tax compliance is not entirely d...
25 Jun 2021
The Kenya Revenue Authority launched the 8th Corporate Plan 2021/2022 – 2023/2024
This Plan is the eighth in the life cycle of the Authority and runs under the Theme: Revenue Mobilization through tax simplification, technology-driven compliance and Tax Base expansion. In this Plan,...
14 May 2021
Finance Bill, 2021
TAX AMENDMENTS HIGHLIGHTS Introduction: The Finance Bill, 2021 was published on 05th May 2021. The reason for publishing the Bill early, as was the case in 2020, was to comply with the ruling by Justi...
9 Apr 2021
Revamped Tax Appeals Tribunal means a boost to resolution of tax disputes
By Paul Matuku In the course of the day-to-day tax administration process, tax disputes are inevitable. Tax disputes arise especially where a taxpayer disagrees with a decision made by the Commissione...
5 Feb 2021
Minimum tax is an idea worth pursuing
Taxing businesses on profits as
it has always been means
that loss making entities
comfortably escape the
taxman’s noose. Bear
in mind that the onus of
determining profits or losses
rests on the tax...
22 Jan 2021
Kenya National Payments System (NPS) Vision and Strategy 2021-2025
The Central Bank of Kenya
has come up with Kenya
National Payments Vision
and Strategy 2021-2025
to regulate this area more
effectively. The paper is open
for public participation until the
31st of Ja...
22 Jan 2021
Minimum tax to enhance equity, inclusivity in tax payment
In order to expand
the tax-base in
the country, the
government,
through the
Finance Act 2020,
has introduced
a raft of new tax
measures which
took effect on 1st
January, 2021. One
of the tax measures
...
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