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Mortgage interest deduction
Mortgage interest deduction Mortgage interest deduction
Kenya’s Finance Bill 2025 introduces a major update to the mortgage interest deduction, now allowing taxpayers to claim up to KES 360,000 annually on interest from construction loans—not just for purchasing or renovating homes. The deduction applies if the mortgage is from one of six designated financial institutions and targets owner-occupied residential properties. This shift aims to boost home ownership and real estate investment, especially for middle-income earners. However, limitations on the loan source and deduction cap may hinder broader impact.
1 min read | 26 Jun 2025
Change of Accounting Year End
Change of Accounting Year End Change of Accounting Year End
The Kenya Finance Bill, 2025 proposes a key amendment to the Income Tax Act, allowing automatic approval of accounting year-end changes if the KRA fails to respond within six months. This move aims to boost efficiency, reduce administrative delays, and improve business certainty in financial reporting.
1 min read | 19 Jun 2025
Analysis of The Kenya 2025/2026 Budget
Analysis of The Kenya 2025/2026 Budget Analysis of The Kenya 2025/2026 Budget
Treasury CS John Mbadi unveiled Kenya’s largest-ever budget at Ksh 4.2 trillion, focusing on fiscal discipline amid rising debt and economic strain. The budget avoids new taxes following the rejection of the Finance Bill 2024, instead emphasizing improved tax administration and lean spending. Key proposals include full tax exemption on gratuity payments, mortgage interest relief for self-built homes, and accelerated tax relief for businesses. Education, infrastructure, and security sectors received significant allocations, while healthcare saw both boosts and cuts across programs. Critics, including Gideon Moi, raised concerns over heavy borrowing and disproportionate recurrent spending
1 min read | 13 Jun 2025
Trending articles
Mortgage interest deduction Mortgage interest deduction
1 min read | 26 Jun 2025
Tax Alert Issue No. 1 of 2025 Analysis of the Tax Procedures (Amendment) Act, 2024
Less than a minute | 16 Jan 2025
Analysis of the Finance Bill, 2025 Analysis of Finance Bill Proposals and Their Implications for Trade and Taxation
Less than a minute | 07 May 2025
Analysis of The Kenya 2025/2026 Budget Analysis of The Kenya 2025/2026 Budget
1 min read | 13 Jun 2025
Our latest insights
Mortgage interest deduction
Mortgage interest deduction Mortgage interest deduction
Kenya’s Finance Bill 2025 introduces a major update to the mortgage interest deduction, now allowing taxpayers to claim up to KES 360,000 annually on interest from construction loans—not just for purchasing or renovating homes. The deduction applies if the mortgage is from one of six designated financial institutions and targets owner-occupied residential properties. This shift aims to boost home ownership and real estate investment, especially for middle-income earners. However, limitations on the loan source and deduction cap may hinder broader impact.
1 min read | 26 Jun 2025
Change of Accounting Year End
Change of Accounting Year End Change of Accounting Year End
The Kenya Finance Bill, 2025 proposes a key amendment to the Income Tax Act, allowing automatic approval of accounting year-end changes if the KRA fails to respond within six months. This move aims to boost efficiency, reduce administrative delays, and improve business certainty in financial reporting.
1 min read | 19 Jun 2025
Analysis of The Kenya 2025/2026 Budget
Analysis of The Kenya 2025/2026 Budget Analysis of The Kenya 2025/2026 Budget
Treasury CS John Mbadi unveiled Kenya’s largest-ever budget at Ksh 4.2 trillion, focusing on fiscal discipline amid rising debt and economic strain. The budget avoids new taxes following the rejection of the Finance Bill 2024, instead emphasizing improved tax administration and lean spending. Key proposals include full tax exemption on gratuity payments, mortgage interest relief for self-built homes, and accelerated tax relief for businesses. Education, infrastructure, and security sectors received significant allocations, while healthcare saw both boosts and cuts across programs. Critics, including Gideon Moi, raised concerns over heavy borrowing and disproportionate recurrent spending
1 min read | 13 Jun 2025
Handling Pressure – Being Calm under Fire
Handling Pressure – Being Calm under Fire Handling Pressure – Being Calm under Fire
Explore practical strategies for staying calm under pressure during Kenya's audit peak season. A seasoned auditor shares personal routines, mindset shifts, and productivity tips to maintain resilience and avoid burnout.
Dheeraj Suvarna
Dheeraj Suvarna
| 3 min read | 12 Jun 2025
The growing importance of health and well-being in the workplace
Workplace well-being The growing importance of health and well-being in the workplace
Mental health and well-being in the workplace have become essential for employee productivity, engagement, and overall job satisfaction. Organizations are increasingly recognizing the importance of fostering a supportive and inclusive work environment by providing mental health resources, flexible work arrangements, and promoting open communication. Investing in workplace wellness initiatives improves employee retention, reduces stress, and enhances collaboration. Prioritizing mental health benefits both individuals and the organization, creating a thriving and resilient workforce.
2 min read | 03 Jun 2025
Analysis of Finance Bill Proposals and Their Implications for Trade and Taxation
Analysis of the Finance Bill, 2025 Analysis of Finance Bill Proposals and Their Implications for Trade and Taxation
Explore a comprehensive breakdown of Kenya's Finance Bill, 2025—covering tax amendments, fiscal policies, and their impact on businesses and individuals. Gain insights into economic shifts and budgetary implications affecting various sectors.
Less than a minute | 07 May 2025
Workplace Wellness: More than Just a Buzzword
Insights Workplace Wellness: More than Just a Buzzword
"Discover the transformative power of workplace wellness in enhancing employee well-being, engagement, and productivity. Learn how intentional strategies and inclusive practices can foster a thriving organizational culture.
3 min read | 17 Apr 2025
IASB issues a major update in a third edition of this Accounting Standard
IFRS for SMEs IASB issues a major update in a third edition of this Accounting Standard
The IASB has released the third edition of IFRS for SMEs, featuring significant updates to revenue recognition (aligned with IFRS 15), fair value measurement, and business combinations (aligned with IFRS 3). Effective from January 2027, these changes target SMEs preparing general-purpose financial statements and exclude entities with public accountability. Early application is allowed, subject to jurisdictional approval.
Alfred Siele
Alfred Siele
| 3 min read | 10 Apr 2025
Kenya Revenue Authority vs David Mwangi Ndegwa, (Civil Appeal No 65 of 2019) [2025]
Judgement Alert Issue No. 1 of 2025 Kenya Revenue Authority vs David Mwangi Ndegwa, (Civil Appeal No 65 of 2019) [2025]
On 21st March 2025, the Court of Appeal ruled that VAT is chargeable on the sale of commercial property, reversing a High Court decision. The case involved KRA, which was ordered to refund VAT previously paid, amidst claims of ambiguity in the VAT Act, 2013 regarding property classification.
Less than a minute | 27 Mar 2025
How HR Can Deliver ESG Value for the Business
How HR Can Deliver ESG Value for the Business How HR Can Deliver ESG Value for the Business
The role of HR in delivering Environmental, Social, and Governance (ESG) value is pivotal. Beyond traditional responsibilities, HR can integrate ESG into workplace culture by promoting sustainability, inclusivity, and ethical governance. This involves initiatives like implementing green HR policies, driving diversity and inclusion programs, supporting employee well-being, and fostering ethical leadership. By embedding ESG principles, HR helps businesses enhance reputations, meet stakeholder expectations, and achieve long-term success. Organizations embracing HR's role in ESG create positive impacts for employees, investors, and society.
Lynette Musyimi
Lynette Musyimi
| 2 min read | 13 Mar 2025
Women in Business 2025
Women in Business 2025 Women in Business 2025
Our latest Women in Business report reveals the pace towards parity in mid-market firms isn’t moving fast enough.
10 Mar 2025
Public notice on Charitable organisations and Donations Exemption rules, 2024
Public Notice from Kenya Revenue Authority (KRA) Public notice on Charitable organisations and Donations Exemption rules, 2024
On 13th February 2025, the Kenya Revenue Authority (KRA) issued a public notice on the implementation of the Charitable Organizations & Donations & Exemption Rules, 2024. The regulations, effective from 18th June 2024, introduce significant changes to the income tax exemption process, requiring compliance for all new applications and previously exempted organizations by 18th June 2025. The notice emphasizes transitional provisions and the need for taxpayers to adhere to these updated requirements.
1 min read | 07 Mar 2025
Newsflash on the Tax Laws (Amendment) Act 2024
Newsflash Newsflash on the Tax Laws (Amendment) Act 2024
Two months after the passing of the Tax Laws (Amendment) Act 2024 on December 27th, 2024, this news flash examines the significant changes and their ramifications. The key updates include the introduction of the Significant Economic Presence Tax (SEPT), adjustments to PAYE, changes in tax objections, the implementation of reverse invoicing, and provisions for tax amnesty. These changes aim to impact tax compliance and economic activities in Kenya.
2 min read | 26 Feb 2025
How to Make Your Workplace Gen Z Friendly
Insights How to Make Your Workplace Gen Z Friendly
Explore strategies to create a Gen Z-friendly workplace, catering to the unique expectations and values ​​of the generation born between 1997 and 2012. Key strategies include fostering a purpose-driven culture, promoting diversity and inclusion, offering flexibility, providing real-time feedback, supporting continuous learning, enhancing employee well-being, and embracing a tech-savvy environment. These efforts aim to attract and retain top Gen Z talent, ensuring long-term success and a competitive edge in the marketplace.
Lynette Musyimi
Lynette Musyimi
| 1 min read | 24 Feb 2025
Kenya – Singapore Double Taxation Agreement, 2025
Tax Alert Issue No. 2 of 2025 Kenya – Singapore Double Taxation Agreement, 2025
Kenya-Singapore Double Taxation Agreement (DTA):double addresses On September 23rd, 2024, Kenya and Singapore signed a new Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance. This new DTA replaces the earlier agreement signed on June 12th, 2018. On February 11th, 2025, the Kenyan Cabinet approved the agreement, allowing for the formal ratification process to begin. The DTA clarifies the taxing rights of both countries on income flows arising from cross-border business activities, addresses double taxation, and aims to boost trade and economic flows between Kenya and Singapore.
Less than a minute | 19 Feb 2025
The Global Internal Audit Standards
Business Risk Services (BRS) The Global Internal Audit Standards
The International Internal Audit Standards Board has introduced the Global Internal Audit Standards to replace the International Professional Practices Framework (IPPF). Effective January 9, 2025, these new standards offer requirements and recommendations for quality internal auditing worldwide and serve as a basis for evaluating internal audit services' performance.
Less than a minute | 03 Feb 2025
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