Tax Alert Analysis of the Finance Act, 2022 The Finance Act, 2022 (the Act) was signed into law by the President on 22 June 2022 and gazetted on 8th July 2022. The Act amends the following Laws: Income Tax Act (ITA), Value Added Tax (VAT) Act, Excise Duty Act, Tax Procedures Act (TPA),
The Industrial Training Levy Fund was established to operationalize the National Industrial Training Authority (NITA). The mandate of NITA is to promote the highest standards in the quality and efficiency of Industrial Training. In 2007, the Minister of Labor and Human Resource Development made an order under Legal Notice No.113 of 14
Further to our alert on Finance Bill 2021, we are pleased to share with you a tax alert on with respect to the tax and other business changes enacted through Finance Act 2021 (the Finance Act”). As you will note, most of the changes proposed under the Bill were enacted through the
The VAT (Electronic Tax Invoices) Regulations 2020 and Public Notice on the roll out date. The VAT (Electronic Tax Invoices) Regulations, 2020. Introduction The Value Added Tax (Electronic Tax Invoices) Regulations, 2020 were gazetted through Legal Notice 189 of 2020 on 25th September 2020. The Value Added Tax
The Finance Bill, 2021 (the Bill) was published on 30 April 2021. The Bill seeks to amend the following Laws: Income Tax Act (ITA), Value Added Tax (VAT) Act, Excise Duty Act, the Miscellaneous Fees and Levies Act, 2016, Tax Procedures Act (TPA), Capital Markets Act, Kenya Revenue Act, Insurance Act, Retirement
Conservatory Order (Minimum Tax) Petition No. E005 of 2021 ruling. We would like to provide a quick update on court’s issuance of interim injunction orders on implementation of minimum tax by the Commissioner. In view of the above, please note that in the event that KRA wins the petition,
Further to our tax alert analyzing the Finance Act 2020, we are pleased to share another tax alert highlighting some of the proposed changes which are effective January 2021. In particular, in this alert we provide an update on the Voluntary Tax Disclosure Programme (VTDP), the VAT (Electronic Tax Invoices) Regulations, 2020 and the VAT (Digital marketplace Supply) Regulations 2020. Should you have any clarification on the same,
