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 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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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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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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EMPLOYEES AND ENTITIES TO BRACE THEMSELVES FOR THE NEW TAXES IN THE NEW YEAR Following the enactment of the amendment Act No. 2 of 2020 published on 24th December, 2020 and legal notice No. 206 of 2020 in respect of […]
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THE UNIFIED PAYROLL RETURN (PAYE/INDUSTRIAL TRAINING LEVY) The Kenya Revenue Authority (KRA) and the National Industrial Training Authority(NITA) would wish to inform the public that a unified payroll return(UPR) has been developed for joint declaration and payment of Pay As […]
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THE NEW AMENDMENT TO THE VAT ACT, 2013 THAT TIGHTENED THE NOOSE ON THE VAT INPUT CLAIMS IN KENYA On 30th June 2020, President Uhuru Kenyatta approved the Finance Act, 2020. The changes will tremendously affect the business environment in Kenya especially […]
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New Regulations for Turnover Tax (TOT) President Uhuru Kenyatta assented the Tax (Amendment) Bill, 2020 bill into law with a view of cushioning Kenyans against the adverse effects of COVID-19. Turnover tax experienced major transformation especially by setting the new […]
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Taxation of Emoluments/Pensions KRA is pleased to inform employers, employees and the general public that following the presidential directive, amendments have been introduced to the Income Tax Act by reducing the rates of tax applicable on personal emoluments and pension […]
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