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Digital service tax, Maryann Kamau, Grant Thornton Kenya, Tax services, Kenya Revenue Authority

VAT on the digital marketplace was introduced by the Finance Act 2019, which amended the Value Added Tax Act No. 35 of 2013

Section 67 of the Value Added Tax Act, 2013 (VAT Act) confers powers to the Cabinet Secretary(CS) for the National Treasury and Planning

With the rising impact of COVID-19 being seen world-wide, all industries will face significant disruption to their supply chain, workforce and cashflow.

Section 4 of the Finance Act 2020, introduces a minimum tax regime of 1%. There will be a minimum tax of 1% tax applicable on the gross revenue made by a business whose installment taxes for the year of income is less than that of minimum tax. The Minimum Tax shall also be applicable on gross incomes not specifically exempt under the First Schedule of the ITA.

Grant Thornton audits donor funded projects, Not for Profit entities and NGOs for statutory purposes and for Special Purpose. We also assists clients with regulatory compliance matters. Our professionals also perform expenditure verification, forensic audits and capacity audit for donors.

The Covid-19 pandemic has forever changed how education works. Globally, decision-makers have had to shut down schools and mull over when to reopen in order to protect learners from getting infected in the process of learning.

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