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, 2015 (“the Act”) and the Companies (Beneficial Ownership Information) Regulations, 2020 require all companies registered
GUIDELINES ON TAXATION OF NON-RESIDENTIAL BUILDINGS The Value Added Tax Act was amended through Finance Bill 2007 by deleting Paragraph 10(c) from the Third Schedule. Following the amendment renting, leasing, hiring or letting of non-residential buildings will become taxable with effect from 1st January, 2008. The following Guidelines are issued in order to guide staff
Assessments issued under section 73(3) of the Income tax Act Section 73(3) empowers the Commissioner to raise an Assessment where a taxpayer fails to submit a return which Assessment is loosely referred to as “Estimated Assessments”. Once an Assessment is issued, it can only be vacated or amended upon receipt of a valid objection and
Value Added Tax (VAT) VAT is an indirect tax that is paid by the person who consumes taxable goods and taxable services supplied in Kenya and/or imported into Kenya The tax is collected at designated points by VAT registered persons who act as the agents of the Government. VAT on imported services is paid by
THE TAX PROCEDURES (TAX AGENTS) REGULATIONS IN EXERCISE of the powers conferred by Section 112 of the Tax Procedures Act, 2015, the Cabinet Secretary for the National Treasury and Planning makes the following Regulations. 1. These Regulations may be cited as the Tax Procedures (TaxAgents) Regulations, 2019. “Committee” means the Tax Agent Committee established under
TAX HEALTH CHECKS The idea – similar to a regular medical check-up with your doctor now a health check of your organization’s tax affairs’ review of your business’s records and accounting systems with a view to: Identify any areas of risk in relation to tax Mitigate any tax risk Giving confidence in the level of
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