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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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

What is Internal Audit? Why is internal audit important?

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.

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.