There were 20 results found for Kenya and Taxation
Modernising Kenya's tax processesOBGplus
A modern tax framework should make tax systems, processes, methods and laws more convenient to all taxpayers. In the 21st century, modernisation through IT platforms has reduced the number of inconveniences faced by taxpayers in the past. Ongoing Process Modernisation of the tax laws and systems in Kenya has been an ongoing process since 2003, mainly steered by the government and implemented by the…
Kenya's recent tax changes and regulationsOBGplus
Kenya has a broad taxation system covering income taxes, value-added tax (VAT) and Customs and excise duty. These are governed by independent legislations that make provisions for the charge, assessment and collection of the respective taxes. The Kenya Revenue Authority (KRA) has different sections that deal with the above taxes and have authority to undertake reviews on companies to confirm they are…
Gitahi Gachahi, CEO, EY Eastern Africa, on curbing tax avoidance techniques: ViewpointOBGplus
The Kenya Income Tax Act requires that transactions carried out between non-resident and resident-related parties be conducted at arm’s length. The act further empowers the commissioner to adjust the returns earned by the resident company from such transactions to reflect returns conducted between independent parties. Until the enactment of the Kenya Income Tax (Transfer Pricing) Rules of 2006, there…
The Report: Kenya 2016OBGplus
New system devolving power to county governments. Strengthening ties with Western and Asian partners. A key role in an effort to create stability in the region. Closer East African integration to enhance growth.
The Report: Kenya 2016: TaxOBGplus
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The Report: Kenya 2014: TaxOBGplus
In conjunction with EY, OBG explores the taxation system, examining Kenya’s investor-friendly environment. OBG talks to Gitahi Gachahi, CEO, EY Eastern Africa, on the benefits of a regional Customs union.…
The nation’s tax law in detailOBGplus
Kenya has a broad taxation system covering income tax, value-added tax (VAT), and Customs and excise duty. These are governed by independent legislations that make provisions for the charge, assessment and collection of the respective taxes. Corporate governance is also at the core of businesses’ operations. Corporate Entities The operation of corporate entities in Kenya is governed by certain…
Modernising tax laws and offering investment incentivesOBGplus
Taxation is the major source of government revenue in Kenya. Over the past few years, the government through the Kenya Revenue Authority (KRA) – the body mandated to administer and collect taxes on behalf of the government – has stepped up efforts to widen the tax base. Kenya, like most African countries, operates a source- and partly residency-based taxation system. Under the source-based system,…
Gitahi Gachahi, CEO, EY Eastern Africa, on the benefits of a regional Customs unionOBGplus
The advent of a single Customs territory in East Africa (EA) has heralded a new dawn for importers in the region, with assessment and collection of taxes taking place in the country of destination before the cargo is released from the first port of entry. This is a major milestone in the region’s bid to attain a Customs union. With an estimated combined population of 130m, the EA region is a sizeable…