Tax disputes are inherently complex, but one crucial element remains indisputable: the importance of adhering to statutory timelines. This truth was powerfully underscored in the case of ......
Stamp duty is charged according to the value of the transaction or the nominal rates on certain financial instruments and transactions. Stamp duty at the rate of 1% is payable on the transfer of share...
The Tax Procedures (Amendment) Act, 2024 has introduced a tax amnesty on interest, penalties or fines on tax debt for periods up to 31st December, 2023....
Real Estate in Kenya has experienced a significant growth over the years, driven by urbanization and increased demand for both residential and commercial properties. ...
The assumption that a company’s place of effective management (PEM) must be where its board meets is outdated and no longer applies in today's digital world....
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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. ...
![Avery Lounge Limited v Commissioner of Domestic Taxes (Tax Appeal E523 of 2023) [2024] KETAT 842 (KLR) (28 June 2024) (Judgment)](/storage/blog/front-view-man-working-as-lawyer-min 1.jpg)
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. ...
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....
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...
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