The National Health Insurance Fund (NHIF) insurance relief was introduced by the Finance Act 2021, to assist the government in attaining a Universal Health Care program and increase the fund remittances. The insurance relief is a deduction from the tax […]
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The Finance Act 2021 was signed into law by the President on June 29th, 2021 and thereafter gazzetted on 1st July, 2021. The Act introduced a number of changes aimed at cushioning Kenyans against the harsh effects of the COVID-19 […]
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The National Employment Authority (NEA) has issued a notice that requires employers to keep a register in which the employer shall enter the full name, age, sex, occupation, date of employment, nationality and educational level among others for each of […]
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The VAT (Electronic Tax Invoice) Regulations, 2020 The KRA has given firms until August 2022 to install new electronic tax registers connected to its systems for monitoring daily sales on real time basis. This will curb Tax Cheats especially coming […]
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NHIF BIOMETRIC REGISTRATION AND ELECTRONIC CLAIMS MANAGEMENT FOR UHC The National Hospital Insurance Fund (NHIF) is introducing the use of fingerprints to identify its 8.9 million members and their dependants to tackle fraud and speed up payment of medical claims. […]
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Deregistration/Cancellation of Tax Obligations Kenya Revenue Authority (KRA) through the notice published in their website notified the public that taxpayers who are registered under a tax law are required to file their returns and account for taxes due under the […]
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What is Minimum Tax Minimum Tax is a base income tax payable of all persons regardless of whether or not they are making a profit. Applicable rate of tax The rate shall be 1% of gross turnover as provided under […]
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DIGITAL SERVICE TAX (DST) 1. What is Digital Service Tax (DST)? Digital Service Tax (DST) is payable on income derived or accrued in Kenya from services offered through a digital marketplace. 2. What is a Digital Market Place? A digital […]
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1. OLD TURNOVER TAX The turnover tax was introduced in Kenya in 2007 (w.e.f. 1st January 2008) to enhance revenue collection, improve tax administration and reduce compliance and collection costs. Turnover Tax was introduced by the Finance Act 2007 through […]
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BENEFICIAL OWNERSHIP E-REGISTER OPERATIONALIZED The Business Registration Service (BRS) in its mandate to oversee operations of the Companies Registry and the overall implementation of the Companies Act, 2015 has operationalized the Beneficial Ownership E-Register. Section 93A of the Companies Act, […]
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