Expert Witness Statement Dennykins & Associates There are instances during court proceedings where experts are brought onboard to provide insight into the ongoing case especially in Kenya . In many court cases, especially those involving fraud, theft, false accounting, financial misappropriation, tax matters, and complex commercial transactions, the evidence may require specialized accounting and financial […]
Is A Transfer Pricing Policy Document A Fraud Document? Transfer pricing sounds like one of those complex business terminologies only meant for tax experts and accountants. Nevertheless, behind the technical term lies matters that impacts normal persons too: how firms pay tax, and whether they pay their just share. The key query that frequently comes […]
KRA Tax Disputes Resolution and Alternative Dispute Resolution (ADR) in Kenya KRA Tax disputes in Kenya arise when a taxpayer disagrees with the Kenya Revenue Authority (KRA) regarding assessed taxes, penalties, interests, or other determinations under the tax laws. The Tax Procedures Act, 2015, and the Tax Appeals Tribunal Act, 2013, set out the legal framework […]
The Kenya Revenue Authority ensures collection of revenue, from taxes used to facilitate various government projects. However, in the recent past, given the decline in the economy, several taxpayers have failed to remit their taxes in time, while others declare less taxes. This is mainly to ensure they have sufficient funds for business operations and […]
Tax compliance in Kenya is a legal requirement for individuals and businesses registered with the Kenya Revenue Authority (KRA), ensuring they file tax returns and pay applicable taxes on time to avoid penalties, legal consequences, and disruptions in accessing government services. Maintaining a good tax record enhances credibility, facilitates business operations, and grants access to […]
Guide on Filing Auto Populated VAT Returns Value Added Tax (VAT) is a crucial revenue stream for the Kenyan government, levied on the supply of goods and services. With the shift towards automation and improved tax compliance, the Kenya Revenue Authority (KRA) has introduced auto-populated VAT returns on the iTax platform, simplifying the submission process […]
You are probably wondering how the government handles and manages the various complex issues such as economic development, access to healthcare, and environmental sustainability. Public policy plays a key role in the making of decisions that shape the future. Anyone curious about the various forces that drive societal and economic change, or an aspiring changemaker, […]
Any foreigner who wishes to work or reside in Kenya whether voluntarily or paid must have a work permit for them to be legally accepted by the Kenyan government. The residence or work permit is issued by the Department of Immigration Services. It is under the Citizenship and Immigration Act 2011, sections 36, 40,41, and 42, of the Laws […]
Thought For Accounting and Reporting Framework By CPA Mutitu Dennis The accountancy profession has a vital distinguishing aspect which is the acceptance of the role to act in the capacity to serve public interest. A professional responsibility of an accountant is not to satisfy the needs of employing organizations or individuals exclusively. Thus, the laws […]
Tax Amnesty – Finance Bill 2023 After the lifting all the conservatory orders standing in the way of the implementation of the Finance Act 2023, all that is stipulated in the bill is legally effective. Though the finance bill faced substantial disapproval, it has provided for techniques aimed at providing taxpayers relief. It is critical […]
