Key Highlights of the Finance Bill, 2023

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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

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

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

Insights IN PURSUIT OF EXCELLENCE

This article delves into the concept of excellence, emphasizing continuous improvement over perfection. It discusses the importance of enjoying one's work, the value of hard work, and the pursuit of excellence as a journey rather than a target. The author shares personal experiences and advises against comparing oneself to others, highlighting the significance of personal accountability and measuring growth against one's past self.

Dheeraj Suvarna

| 4 min read | 23 Jan 2025

Tax Alert Issue No. 1 of 2025 Analysis of the Tax Procedures (Amendment) Act, 2024

The Tax Procedures Amendment Act, 2024, signed into law by President William Ruto on December 11, 2024, introduces several key changes to the Tax Procedures Act of 2015. Notably, it extends the Tax Amnesty Program, with the base period starting from December 31, 2023, and concluding on June 30, 2025. Additionally, the Act clarifies the reverse invoicing threshold and provides detailed guidelines on the contents of an electronic tax invoice.

Less than a minute | 16 Jan 2025

Business Risk Services (BRS) Department INTERNATIONAL FRAUD AWARENESS WEEK

Explore the various challenges businesses face today, including financial, regulatory, and climate risks, with a focus on the pervasive threat of fraud. Learn about the tactics used by fraudsters and how businesses can protect themselves during Fraud Awareness Week.

Less than a minute | 21 Nov 2024

Tax Alert Issue No. 11 of 2024 Tax Laws Amendment & Tax Procedures (Amendments) (No2) (Bills)

The National Treasury has introduced the Tax Laws (Amendment) Bill, 2024 and the Tax Procedures (Amendment) (No.2) Bill, 2024, which propose changes to several tax acts. These bills had their First Reading on 13th November 2024. The public is invited to participate and provide comments on 22nd and 23rd November 2024. Our alert compares these amendments with the withdrawn Finance Bill, 2024.

1 min read | 19 Nov 2024

Insights from the G4S Ruling on Office Romance Office Romance - Critical Lessons From the G4S Ruling

Kenyan labor court awards Sh3.2 million to former G4S Operations Manager for unjust termination over workplace affair allegations. The ruling highlights key legal principles on employee privacy and workplace policies.

Less than a minute | 01 Oct 2024

Tax Alert Issue No. 10 of 2024 Key changes proposed in the Tax Procedures (Amendment) Bill, 2024

The government is shifting from the traditional comprehensive Tax Laws (Amendment) Bill to a more incremental approach for amending current tax laws. On August 19, 2024, the Cabinet Secretary for the National Treasury and Economic Planning submitted the Tax Procedures (Amendment) Bill, 2024 to the National Assembly. This Bill aims to amend the Tax Procedures Act (Chapter 468B of the Laws of Kenya).

1 min read | 25 Sep 2024

From Risk to Resilience From Risk to Resilience: The Role of Public-Private Partnerships in Disaster Management

This article explores how Public-Private Partnerships (PPPs) play a crucial role in enhancing disaster management. It highlights the benefits of combining public sector expertise with private sector innovation to improve disaster preparedness, response, and resilient infrastructure development. The article also discusses solutions offered by Grant Thornton for effective disaster management.

Less than a minute | 06 Sep 2024

Tax Alert Issue No. 9 of 2024 Income Tax (Donations and Charitable Organizations Exemption) Regulations, 2024

Stay updated with the latest Income Tax regulations for charitable organizations in Kenya. The new Income Tax (Donations and Charitable Organizations Exemptions) Regulations, 2024, provide comprehensive guidelines for applying for tax exemptions from the Kenya Revenue Authority (KRA). Learn about the criteria for recognition, application procedures, and the transition period for compliance by June 18, 2025. Ensure your organization meets the new requirements and benefits from tax exemptions.

Less than a minute | 05 Sep 2024

Tax Alert Issue No. 8 of 2024 KRA’s proposal to a new car valuation method: What’s the impact on motorists and importers?

On 20th May 2024 KRA informed the public on its intention to conduct a public participation to obtain views on the Free on Board (FOB) values for used motor vehicles before implementation of a new motor vehicle valuation database by 31st August 2024.

Less than a minute | 28 Aug 2024

Tax Alert Issue No. 7 of 2024 Supreme Court stays the judgement of the Court of Appeal against Finance Act 2023

On 31st July 2024 the Court of Appeal (CoA) rendered a judgement in the CIVIL APPEAL NO. E003 OF 2023 declaring the Finance Act 2023 unconstitutional.

Less than a minute | 21 Aug 2024

Building a Culture of Internal Audit Awareness Internal Audit Awareness

What is Internal Audit? Why is internal audit important?

Less than a minute | 21 May 2024

Analysis of the Kenya Finance Bill, 2024 Analysis of the Kenya Finance Bill, 2024

The Finance Bill, 2024(“The Bill”), was tabled to the National Assembly on 13 May 2024 for the first reading. The proposals in the Bill are likely to have a significant impact on stakeholders if implemented as it is.

1 min read | 20 May 2024

OECD Guidelines Prevail Tax Appeal Tribunal Supports Use of Interquartile Range Over Median

The Tax Appeal Tribunal has delivered a decision that marks a significant victory for taxpayers facing adjustments to their transfer pricing methodologies by the Commissioner of Domestic Taxes.

Less than a minute | 03 Apr 2024

The Affordable Housing Act, 2024 Tax Alert: The Affordable Housing Act, 2024

President. William Ruto on 19th March 2024 assented to the Affordable Housing Bill 2023 into law. Pursuantly, Sections 4 and 5 of the Affordable Housing Act, 2024 relating to imposition of the levy and deductions by employers, become effective on the date of assent, the rest of the sections of the Act will become operational via a notice in the Gazette.

Less than a minute | 22 Mar 2024

Tax Alert Updates on the NSSF after the Supreme Court Ruling

The Supreme Court of Kenya, on 21st February 2024 overturned the decision of the Court of Appeal that had declared that the NSSF Act 2013 was constitutional.

1 min read | 21 Mar 2024

Tax Alert: Place of Effective Management Place of Effective Management

Tax Appeals Tribunal (TAT) rendered judgement in the case of M-Kopa LLCC/O M-Kopa Kenya Limited versus Commissioner of Domestic Taxes about the determination of the place of effective management (POEM) for taxation purposes.

Less than a minute | 14 Mar 2024

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