Running a hotel or restaurant is a complex task that requires juggling multiple responsibilities, including managing finances, maintaining inventory, handling customer service, and ensuring compliance with tax laws. In Nakuru, a growing hub for tourism and hospitality, having a professional…
In Kenya, taxation plays a vital role in financing public services and infrastructure. Two commonly discussed tax regimes for businesses are Turnover Tax (TOT) and Value Added Tax (VAT). While both are levied on business transactions, they serve different purposes,…
Turnover Tax (TOT) is a simplified tax regime introduced by the Kenya Revenue Authority (KRA) to enhance tax compliance among small and medium-sized businesses. TOT aims to reduce the administrative burden of tax filing while ensuring a broader tax base.…
Kenya’s dynamic trade environment is regulated to ensure compliance with local and international standards. Understanding the tax obligations and processes for importing and exporting goods is essential for businesses and individuals involved in trade. Below is a detailed guide to…
Staying compliant with tax obligations is vital for businesses operating in Kenya. Corporate tax compliance ensures businesses avoid penalties while contributing to national development. However, managing these obligations can be complex due to the various taxes, rates, and deadlines that…
Questions and Answers for Residential Rental Income Tax (MRI) in Kenya Your complete guide to understanding the Monthly Residential Rental Income Tax in Kenya for landlords and property owners. Frequently Asked Questions (FAQs) Below, we answer the most common questions…
As the real estate market in Kenya grows, landlords and property owners are increasingly required to understand and comply with Kenya’s tax obligations related to rental income. For those with residential rental properties earning between KSh 24,000 and KSh 15…
Turnover Tax (TOT) is a tax regime designed to simplify tax compliance for small and medium-sized businesses in Kenya. This tax is especially beneficial for those whose income is within a specific range, offering a simplified tax structure with lower…
Managing tax obligations is a critical aspect of financial and business management. In Kenya, the tax landscape can be complex, with ever-evolving rules and regulations imposed by the Kenya Revenue Authority (KRA). For individuals and businesses, staying compliant while optimizing…
Navigating the complex and ever-changing tax landscape in Kenya can be a daunting task for businesses and individuals alike. With stringent tax regulations and compliance requirements, it’s essential to have expert guidance to manage your tax obligations effectively. This is…
