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The hotel industry is dealing with an unprecedented crisis due to the disruption caused by the global COVID-19 pandemic. With hotels shut or operating at severely reduced capacity and with customers in lockdown, we look at the steps businesses can take to not only survive but put themselves in the best position for reopening.

Kenya has been experiencing depressed economic activity attributed mainly to its debt burden which some have called unsustainable. Current indications are that this will continue for the foreseeable future due to the Covid-19 pandemic. Measures taken by the Government of Kenya including, reducing the VAT rate from 16-14 per cent

The Finance Bill, 2020 came in a week after the passing of The Tax Laws (Amendment) Act, 2020 on 25th April 2020. The Bill contains a few proposals similar to those introduced to the Tax Amendment Bill, 2020 and were rejected - which contravenes standing order 141(1) of the National assembly.

Implications of the measures taken by East Africa Community partner states

The Tax Laws (Amendment) Act, 2020 ( herein referred to as “Tax (Amendment) Act”) was assented into law by the president on 25th April 2020.

Kenya’s Response to COVID-19, Tax, KRA, Kenya Revenue Authority, Economy, GDP, Kenya

How do you put in place near, medium and long term business continuity plans to mitigate adverse effects of COVID-19 and potential future outbreaks?

Kenya Revenue Authority, KRA,

Implementation of the Unified Payroll Return and Payment of Stamp Duty and Capital Gains Tax

Read our latest article on the Grant Thornton Resilience Wheel framework.

As the coronavirus pandemic continues to shake markets and impact people around the world, it's creating significant challenges for business leaders. The role that business leaders and employees can play is being brought into focus. Tedros Adhanom Ghebreyesus, World Health Organization Director-General says:

Over the last 12 months, our women in business research has drilled down into the gender diversity stats of mid-market organisations around the world, looking at how the numbers are changing, and most importantly, what businesses are doing to make them change.

Nairobi has a huge amount of appeal for international business thanks to its history as a trading centre.

Kenya, Budget, 2019, Economy, Tax, Kenya Revenue Authhority, iTax, Treasury, Henry Rotich

Kenya’s economy was forecast to grow at 5.9 per cent earlier this year. This has been brought down to 5.8 per cent due to the failed long rains. Kenya is an agricultural economy which is mainly rain-fed meaning any changes in rainfall patterns are definitely going to have an impact on the economy.

Identify the assets that are most important, consider the most likely lines of attack, and tailor a defensive strategy accordingly.