Kenya’s National Treasury has implemented a strategic VAT reduction on fuel to cushion against global price shocks. This briefing examines the legislative framework of the 8% rate, the discretionary powers for extension, and the critical tax filing considerations for businesses navigating these transitional changes.
April is a critical month for Kenya taxpayers. This article outlines installment tax and balance of tax obligations under Section 12 of the Income Tax Act, key deadlines, and the financial impact of non‑compliance.
The Tax Appeals Tribunal ruling in Premier Credit vs. Commissioner of Domestic Taxes clarifies that loan principal is a non-deductible capital asset, while only interest and fees qualify for bad debt tax relief. This decision highlights the need for precise accounting to mitigate Corporate Income Tax (CIT) risks and ensure regulatory compliance during KRA audits.
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.
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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.
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