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The introduction of IFRS 18 marks a significant evolution in financial performance reporting, replacing IAS 1 to improve comparability and transparency. This overview examines the standard's five new classification categories, mandatory subtotals, and specific rules for financial institutions. Review the core changes and download our comprehensive international publication addressing the practical application challenges ahead of the 2027 effective date.

The constitutionality and implementation of the NSSF Act, 2013 has been the subject of prolonged litigation. In a judgment delivered on 19 September 2022, the Employment and Labour Relations Court (ELRC) declared the NSSF Act, 2013 unconstitutional, null and void on several grounds.

The Finance Bill 2026 proposes amending Section 2 of the Income Tax Act to include interchange and merchant service fees within the definition of "management or professional fees." The amendment is expected to significantly impact compliance requirements, operational cash flows, and transaction costs for financial institutions and payment service providers.

Board committees frequently face conflicting recommendations or overlapping data from separate assurance providers, leading to information overload and strategic confusion. This summary explores how internal auditors and risk managers can eliminate reporting silos by applying the combined assurance requirements of Standard 9.5 of the Global Internal Audit Standards (GIAS)—ensuring clear, unified, and actionable insights for executive decision-makers.

Kenya’s Finance Bill 2026 proposes a formal crypto reporting framework by introducing Sections 6C and 6D to the Tax Procedures Act. This legislative change shifts the digital asset landscape from an unregulated space to a strict compliance environment.

SASRA has issued stricter guidance on SACCO audited financial statements, requiring regulated SACCOs to demonstrate capital adequacy, adequate loan loss provisions, liquidity for member payments and timely submission of audited accounts.

Explore how technology, regulation, and cost-efficiency are redefining Finance and Accounting BPO. Discover strategic insights on automation, global compliance, and ESG integration for modern enterprises.

An analysis of the Finance Bill 2026 highlights the government's focus on meeting a Sh4.79 trillion budget through expanded tax bases and accelerated digitisation. Key proposals include empowering the Kenya Revenue Authority (KRA) to use pre-populated data for tax positions, reducing return filing periods from six to four months, and re-adjusting the Monthly Rental Income (MRI) tax rate to 10%. Additionally, the bill introduces a tax amnesty programme and direct waivers for penalties up to Kshs 2 million to encourage compliance and clear taxpayer ledgers.

Kenya’s National Treasury has implemented a strategic VAT reduction on fuel to cushion against global price shocks. This briefing examines the legislative framework of the 8% rate, the discretionary powers for extension, and the critical tax filing considerations for businesses navigating these transitional changes.

April is a critical month for Kenya taxpayers. This article outlines installment tax and balance of tax obligations under Section 12 of the Income Tax Act, key deadlines, and the financial impact of non‑compliance.

The Tax Appeals Tribunal ruling in Premier Credit vs. Commissioner of Domestic Taxes clarifies that loan principal is a non-deductible capital asset, while only interest and fees qualify for bad debt tax relief. This decision highlights the need for precise accounting to mitigate Corporate Income Tax (CIT) risks and ensure regulatory compliance during KRA audits.

As East African regulatory landscapes shift toward mandatory sustainability disclosures, the Board of Directors serves as the primary anchor for ESG integration. This insight by Joseph Murunga (ESG Advisory Manager, Grant Thornton) examines how Boards across Kenya, Uganda, Tanzania, Rwanda, and Ethiopia must transition from passive oversight to strategic leadership to drive long-term value and investor confidence.

An expert analysis of the East African Community (EAC) Seventh Development Strategy (2026/27–2030/31) launched at the 25th Ordinary Summit. This article examines how the region can pivot from conventional development to a green industrialization architecture, utilizing its natural endowments to create a competitive global advantage.

This article explains Kenya’s interest expense restriction under Section 16(2)(j) of the Income Tax Act, which limits the deductibility of interest paid to non‑resident lenders to 30% of EBITDA. It outlines the scope of the rule, exempt entities, the three‑year carry‑forward mechanism for excess interest, and the implications for businesses relying on foreign debt. The summary highlights how the cap affects tax liability, financing strategies, and cash‑flow planning, while underscoring the need for careful tax planning and compliance for companies operating in Kenya.

As East Africa enters the 2026-2030 strategy cycle, climate and nature have become "hard guardrails" for the real economy. Grant Thornton’s Michael Chomba outlines how firms in agri-food, finance, and logistics must move beyond ESG slogans to integrate IPCC and GBF targets directly into their P&L. Learn 3 practical ways to operationalize this overlay, from 1.5°C-aligned scenario building to unlocking blended finance through SDG-consistent pipelines.

The 2026 report shifts the focus from simple "counting" to the strategic visibility of gender-diverse leadership.