Kenyan commercial banks have started implementing the Common Reporting Standards (CRS), a tax procedures regulation of 2023. This regulation requires all Kenyan banks, trusts, and other financial inst...

In the dynamic landscape of taxation, businesses often find themselves grappling with complex tax compliance requirements. In response to this challenge, tax authorities around the world have introduc...

For a country to attain its developmental goals, it has to generate revenue to fund these goals. A significant portion of a country’s revenue is generated through taxation. Despite the crucial r...

In the wake of economic challenges and declining domestic revenues, the National Treasury has unveiled an ambitious Medium-Term Revenue Strategy (MTRS) that promises to reshape the country’s tax...

The government’s spending on various initiatives ranging from affordable housing, healthcare, and support for farmers and small businesses, will be footed by taxpayers following approval of the budg...

After President William Ruto assented to the Finance Bill, 2023, on June 6, the bill became law. This meant that some of the provisions of the law were to take immediate effect from July 1, 2023, whil...

The edible oil manufacturing sub-sector of the Kenya Association of Manufacturers, last week (3 July) released a statement urging government support for its continued growth. Through a new initiative ...

  Since gaining independence in 1963, Kenya has made significant progress in developing its tax system. The government introduced various laws to broaden the revenue base, including legislation o...

Excise tax is a levy applied selectively on particular goods and services.  The main aim of this levy is to raise substantial revenue for the government at relatively low administrative or compliance...

‘Pay to play or pay to be played?’ Sections of the Finance Bill 2023 have caused a buzz amongst them the amendment of Section 32 of the Tax Appeals Tribunals Act to cause taxpayers who seek an app...

The recent proposal to increase the Value Added Tax (VAT) imposed on petroleum from a rate of 8% to 16%, is bound to impact fuel prices and is poised to reverberate across various sectors of the econo...

The Finance Bill, 2023 which has got many tongues wagging across the country was tabled before the National Assembly on Thursday, May 4, 2023, by the National Treasury. The Bill proposes an array of t...