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…
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…
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…
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…
When registering a company in Kenya, several key documents must be prepared and submitted to the Registrar of Companies. These documents—CR1, CR2, CR8, and CR12—are crucial for ensuring compliance with Kenyan business laws. Whether you’re a new entrepreneur or looking…
To convert a business name into a limited company is a significant step that offers numerous benefits, including limited liability, easier access to capital, and a more professional image. In Kenya, the process involves several legal and administrative steps. If…
Registering a private limited company in Kenya is a strategic move that provides numerous benefits, including limited liability, credibility, and access to government contracts and incentives. The process, while straightforward, involves several steps and adherence to legal requirements. This comprehensive…
At Junyan and Associates, we understand that staying compliant with tax laws and regulations can be a challenge for Kenyan businesses. That’s why we’re here to provide you with some tax tips for 2023 that can help you minimize your…
