Statutory deductions in Kenya refer to mandatory contributions that employers are legally required to withhold from their employees’ salaries and remit to various government agencies. These deductions are established under Kenyan law and are designed to fund essential public programs…
Capital gains tax in Kenya is a form of income tax levied on the profit earned from the sale or transfer of a capital asset. Capital assets may include land, buildings, shares, and other investment properties. In simple terms, if…
External auditors in Kenya play a critical role in strengthening financial transparency and accountability for businesses across all sectors. These are independent professionals or audit firms engaged to assess an organization’s financial statements and accounting systems for accuracy, compliance, and…
As artificial intelligence (AI) continues to disrupt industries worldwide, a pressing question has emerged within the Kenyan business community: Will accountants in Kenya be replaced by AI? While automation is indeed reshaping the way financial data is processed and reported,…
Financial statements are the cornerstone of every business’s financial health. Whether you’re a small business, SME, or a large corporation, properly prepared financial statements help you understand your company’s performance, ensure compliance with tax laws, and present a clear financial…
Looking for ways to reduce your tax burden in Kenya? For many corporates and SMEs, the weight of taxes can significantly impact profitability and growth. However, with proper planning and strategic financial management, businesses can lawfully minimize tax liabilities while…
In the dynamic and complex world of tax compliance in Kenya, disputes between taxpayers and the Kenya Revenue Authority (KRA) are not uncommon. These disputes can arise from varying interpretations of tax laws, errors in assessments, or differences in documentation.…
In Kenya’s evolving legal and business landscape, resolving disputes amicably, efficiently, and without the traditional burden of court litigation is becoming more critical. The Alternative Dispute Resolution (ADR) Framework in Kenya offers a structured and increasingly popular avenue for individuals,…
In Kenya’s evolving tax landscape, disputes between taxpayers and the Kenya Revenue Authority (KRA) are not uncommon. Misunderstandings can arise due to complex tax laws, varying interpretations of statutes, or genuine errors in filing and reporting. To handle such situations…
Small and Medium Enterprises (SMEs) play a vital role in Kenya’s economy by creating jobs, fostering innovation, and driving economic growth. However, one of the most significant challenges SMEs face is taxation. Effective tax planning strategies can help businesses comply…
