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Kenya's taxation system covers income tax, value-added tax, customs and excise duty.The regulations are governed by independent legislators that govern the taxation system, the main legislator, the Kenya Revenue Authority (KRA) has different sections that deal with the above taxes while also having the authority to undertake reviews on various companies and corporations.
To increase tax compliance percentages and encourage more people to file their taxes, the Kenya Revenue Authority has an elaborate online portal [3] that allows citizens to log in and either file tax returns, check their penalties [4] or apply for a certificate of tax compliance. This is in line with the Kenyan government's efforts to automate ...
Amidst protests, the Kenyan government scrapped parts of the bill on 18 June 2024. According to Kuria Kimani, chairman of Kenya’s Finance and National Planning Committee, the proposed tax increases that were scrapped included a 16% value-added tax (VAT) on bread, as well as taxes on motor vehicles, vegetable oil, and mobile money transfers. [26]
The Kenya Gazette publishes the following: [1]. Notices of new legislation; Notices required to be published by law or policy; Announcements for general public information ...
The National Social Security Fund was established in 1965 through the Act of Parliament Cap 258 of the Laws of Kenya. It initially operated as a Department of the Ministry of Labour until 1987 when the act was amended, transforming the fund into a state corporation under the management of a board of trustees. [2]
This is a list of accounting companies operating in Kenya. They are regulated by the Institute of Certified Public Accountants of Kenya: [1] PwC Kenya [2] Deloitte [3] BDO East Africa [4] KPMG East Africa [5] Ernst & Young [6] Baker Tilly International [7] PKF Eastern Africa [8] HLB International [9] RSM E.A. [10] BDO East Africa [4] Grant ...
Prior to enactment of the Retirement Benefits Act, the retirement benefits sector in Kenya was regulated by fragmented legislation, mostly Trust and Income Tax Laws. Without a specific body or regulations to set industry standards, pension schemes adopted different styles of operation, leading to serious challenges in proper administration of ...
The Court of Appeal of Kenya is established under Article 164 of the constitution of Kenya and consists of a number of judges, being not fewer than twelve.. The court handles appeals arising over the decisions of the High Court of Kenya, the Environment and Land Court and the Employment and Labour Relations Court as well as any other court or tribunal as provided for in law.