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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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?
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.
women, business, diversity, gender, parity, equality, research, statistics, female, participation, senior, management, report, IBR
kenya, tax, amnesty, extension, kra, kenya revenue authority, income tax, returns, filing
Kenya, Mauritius, Double Taxation Agreement, Invalidated, tax, kenya revenue authority, kra,