A recent Tax Appeals Tribunal ruling in Coca-Cola Beverages Limited v Commissioner of Domestic Taxes clarifies that the six-month statutory window for claiming input VAT cannot be extended through an amended return. We examine the critical compliance implications for businesses relying on iTax amendments to correct historical omissions.
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The Kenya Tax Appeals Tribunal (TAT), in Chairmania Events Ltd v Commissioner for Investigation and Enforcement, reaffirmed that the Kenya Revenue Authority (KRA) cannot disallow a taxpayer’s input VAT claim solely on account of a supplier's alleged non-compliance or "missing trader" status.
To secure and retain exemption, non-profit organizations must satisfy three strict statutory tests organizational, operational, and public benefit while adhering to surplus fund limitations and governance standards. Boards and finance leaders must proactively evaluate operational alignment and documentation to withstand KRA regulatory reviews.
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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.
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.
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.
Insights from our 2024 Women in Business report reveal clear strategies that create the right environment for women to thrive, significantly reducing the time it will take to reach gender parity in the workplace. These are our Pathways to Parity.
Transfer Pricing Update
In this alert GT is sharing key highlights of the changes adopted from the proposed Finance Bill 2023 affecting different tax streams highlighted above.
In this issue, we review the key tax measures that have taken place in selected African countries from 2022 to date.
The Finance Bill 2023(“The Bill”), was tabled to the National Assembly on 04 May 2023 for the first reading. The proposals in the Bill are likely to have a significant impact on stakeholders if implemented as it is. In this Tax Alert, we analyse changes proposed by the Bill and the potential implications.
The Income Tax Company Return, should be submitted to the Kenya Revenue Authority on or before the 6 month after the end of the reporting period.
For 19 years, we have been reporting on gender diversity in senior management among the world’s mid-market businesses, exposing barriers and identifying facilitators of change. While progress on the overall number of women in senior leadership continues, this year’s research shows it is concerningly slow.
Diversity, inclusion, organisation, HR, Grant Thornton
Environmental criteria assess and evaluate the risks a Company faces, and how best to mitigate these risks. The criteria include assessing the following: whether the companies’ operations emanate significant emissions to the air, whether the
An Act of Parliament to give effect to Article 31(c) and (d) of the Constitution; to establish the Office of the Data Protection Commissioner; to make provision for the regulation of the processing of personal data; to provide for the rights of data subjects and obligations of data controllers and processors; and for connected purposes
Imagine a gender equal world. A world free of bias, stereotypes and discrimination. A world that's diverse, equitable, and inclusive. A world where difference is valued and celebrated. Together we can forge women's equality. Collectively we can all #BreakTheBias.
Covid-19 has swept away the habitual practices and systems in the workplace and increased reliance on Technology and Artificial Intelligence