Stamp duty tax is levied at a rate of 4% on the transfer of land, houses and apartments in urban areas, which are within municipalities and 2% for areas outside municipalities....
Kenya is considering significant reforms to regulate hire purchase agreements and Buy Now, Pay Later (BNPL) models, enhancing consumer protection and transparency. ...
Recently, the Supreme Court affirmed that a very limited avenue is available to allow any appeals stemming from Article 35 of the Arbitration Act in its decision rendered on 12th April 2024 between Ka...
The Tax Appeals Tribunal (the ‘Tribunal’) in Tax Appeal No. 65 of 2023 involving M-KOPA LLC [C/o M-KOPA KENYA LTD] (the ‘Company’), has upheld the principle that a foreign company can be consi...
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The 2023/2024 budget tabled on 15th June 2023 provides for a tax amnesty programme which commenced on 1st September, 2023 and shall run up to 30th June 2024....
The Finance Bill, 2024 has now been published and as expected, the Bill proposes an array of changes. In this Article, we discuss the various amendments and their implications. ...
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On 24th April, 2024, the President assented into law The Statute Law (Miscellaneous Amendments) (No.2) Bill of 2023, effecting significant amendments to 16 Acts of Parliament, including the Trustee (P...
With each passing day, more people are embracing estate planning, with great preference given to the preparation of a will. A will has been defined as a legal declaration by a person of their wishes/...
As of September 1, 2023, electronic Tax Invoice Management System (e-TIMS) compliance became compulsory for all businesses irrespective of their VAT registration status. ...
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