Blog - Tax Law Advisory

Tax Law Advisory

M-kopa Holdings C/o Jesse Morre, Director Vs. Commissioner Of Legal Services And Board Coordination

The assumption that a company’s place of effective management (PEM) must be where its board meets is outdated and no longer applies in today's digital world....

Tax Law Advisory

Legal & Tax Alert: Overview Of The Tax Procedures (amendment) Bill 2024

The taxation landscape in Kenya has seen significant changes as the government seeks to streamline revenue collection whilst also catering to the ever-changing needs of the economy. ...

Tax Law Advisory

Avery Lounge Limited V Commissioner Of Domestic Taxes (tax Appeal E523 Of 2023) [2024] Ketat 842 (klr) (28 June 2024) (judgment)

In the absence of any evidence to the contrary by a taxpayer, the Kenya Revenue Authority (KRA) is justified in using bank statements to determine taxable income. ...

Tax Law Advisory

Judgement Appeal Number 292 Of 2021- Aquavita Kenya Limited Vs. Commissioner Domestic Taxes

Redeemable preference shares, redeemable at an option of the holder, establish a debt obligation for accounting and tax purposes due to the expectation of future repayment....

Tax Law Advisory

Automobile Association Of Kenya Vs. Commissioner Domestic Taxes – Good Tax Planning

Section 21 of the ITA, prior to an Amendment in the Finance Act 2023, exempted income received by bodies of persons that primarily serve their members as long as not less than three-quarters of such i...

Tax Law Advisory

Implications Of The Withdrawal Of The Finance Bill, 2024

The President recently referred the Finance Bill, 2024 (the Bill) to Parliament with the recommendation to delete all the clauses, what next? ...

Tax Law Advisory

Legal Alert: The Place Of Effective Management And Taxation Of Multinational Companies In Kenya

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...

Tax Law Advisory

Tax Amnesty In Kenya: Intricacies Of The Programme

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....

Tax Law Advisory

Key Changes Proposed By The Finance Bill, 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. ...