As per public notice dated 10/11/2025, Kenya Revenue Authority (KRA) wishes to inform taxpayers, stakeholders and the public that, effective 1st January 2026, it will begin validating income and expenses declared in both individual and non-individual income tax returns against the following data sources: TIMS/eTIMS Withholding Income Tax gross Import records
The Finance Act 2025 Kenya was assented to by the President on 26 June 2025, setting in motion a series of tax changes and KRA updates that amend key pieces of legislation, including the Income Tax Act (ITA), the Value Added Tax Act (VAT Act), the Excise Duty Act, the
Tax compliance is not just a legal obligation—it is also a wealth protection strategy. Whether you’re a growing entrepreneur, a seasoned business owner, or a family looking to preserve your legacy, understanding and adhering to tax laws is one of the most strategic steps you can take to secure your
In the realm of wealth creation, few elements are as fundamental and underestimated as tax compliance. While investing, entrepreneurship, and asset acquisition dominate headlines, the true bedrock of lasting prosperity lies in ensuring that your wealth is not only accumulated—but also preserved, protected, and easily passed on. Generational wealth management
The Finance Bill 2025 was tabled in Parliament by the Cabinet Secretary for the National Treasury on 30th April 2025. The Bill proposes various amendments to the Income Tax Act, VAT Act, Excise Duty Act, Tax Procedures Act, and the Miscellaneous Fees and Levies Act. It is currently at the
Tax compliance is not just a statutory requirement—it’s a critical part of sound financial management and business sustainability. However, many organizations, particularly SMEs across Kenya and Africa, continue to fall into avoidable tax traps. Below are six common tax mistakes businesses make and practical strategies to prevent them. Treating Tax
What You Need to know about the Significant Economic Presence (SEP) Tax which replaces the Digital Service Tax (DST) Significant Economic Presence Tax (SEPT). Kenya implemented the Digital Service Tax via the Finance Act 2020, which took effect on January 1, 2021. The Digital Service Tax (DST) applied to income earned
Tax Laws Amendment Bill, 2024: What It Means for You Decoding the Tax Laws Amendment Bill, 2024: What It Means for You In an ambitious move to boost economic growth and address the fiscal deficit, the National Treasury has proposed the Tax Laws Amendment Bill, 2024. This Bill introduces sweeping
Highlights of the Public Benefit Organization (PBO) Act and its Impact on the NGO Sector. “Legal, Tax and Risk Management” The Public Benefit Organizations Act, 2013 (PBO Act) was officially enacted in Kenya, with its commencement date set for 14 May 2024 replacing the previous Non-Governmental Organizations Coordination Act of 1990.
Exemption It is a requirement for all persons carrying on business in Kenya, whether registered for VAT or not, to electronically generate their invoices through eTIMS. Furthermore, only expenditures supported by eTIMS-compliant invoices will be allowed as a deduction for income tax purposes. However, the Tax Procedures (Electronic Tax Invoice)
