Filter insights by:
Popular topics
Economy Tax Article Reports Sustainability International expansion Financial services
Featured insights
Kenya – Singapore Double Taxation Agreement, 2025
Tax Alert Issue No. 2 of 2025 Kenya – Singapore Double Taxation Agreement, 2025
Kenya-Singapore Double Taxation Agreement (DTA):double addresses On September 23rd, 2024, Kenya and Singapore signed a new Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance. This new DTA replaces the earlier agreement signed on June 12th, 2018. On February 11th, 2025, the Kenyan Cabinet approved the agreement, allowing for the formal ratification process to begin. The DTA clarifies the taxing rights of both countries on income flows arising from cross-border business activities, addresses double taxation, and aims to boost trade and economic flows between Kenya and Singapore.
Less than a minute | 19 Feb 2025
Analysis of the Tax Procedures (Amendment) Act, 2024
Tax Alert Issue No. 1 of 2025 Analysis of the Tax Procedures (Amendment) Act, 2024
The Tax Procedures Amendment Act, 2024, signed into law by President William Ruto on December 11, 2024, introduces several key changes to the Tax Procedures Act of 2015. Notably, it extends the Tax Amnesty Program, with the base period starting from December 31, 2023, and concluding on June 30, 2025. Additionally, the Act clarifies the reverse invoicing threshold and provides detailed guidelines on the contents of an electronic tax invoice.
Less than a minute | 16 Jan 2025
The Global Internal Audit Standards
Business Risk Services (BRS) The Global Internal Audit Standards
The International Internal Audit Standards Board has introduced the Global Internal Audit Standards to replace the International Professional Practices Framework (IPPF). Effective January 9, 2025, these new standards offer requirements and recommendations for quality internal auditing worldwide and serve as a basis for evaluating internal audit services' performance.
Less than a minute | 03 Feb 2025
Trending articles
Tax Alert Issue No. 2 of 2025 Kenya – Singapore Double Taxation Agreement, 2025
Less than a minute | 19 Feb 2025
Insights from the G4S Ruling on Office Romance Office Romance - Critical Lessons From the G4S Ruling
Less than a minute | 01 Oct 2024
Tax Alert Issue No. 1 of 2025 Analysis of the Tax Procedures (Amendment) Act, 2024
Less than a minute | 16 Jan 2025
Insights Disclosure of Beneficial Ownership in Kenya
04 Nov 2022
Our latest insights
Kenya – Singapore Double Taxation Agreement, 2025
Tax Alert Issue No. 2 of 2025 Kenya – Singapore Double Taxation Agreement, 2025
Kenya-Singapore Double Taxation Agreement (DTA):double addresses On September 23rd, 2024, Kenya and Singapore signed a new Agreement for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance. This new DTA replaces the earlier agreement signed on June 12th, 2018. On February 11th, 2025, the Kenyan Cabinet approved the agreement, allowing for the formal ratification process to begin. The DTA clarifies the taxing rights of both countries on income flows arising from cross-border business activities, addresses double taxation, and aims to boost trade and economic flows between Kenya and Singapore.
Less than a minute | 19 Feb 2025
The Global Internal Audit Standards
Business Risk Services (BRS) The Global Internal Audit Standards
The International Internal Audit Standards Board has introduced the Global Internal Audit Standards to replace the International Professional Practices Framework (IPPF). Effective January 9, 2025, these new standards offer requirements and recommendations for quality internal auditing worldwide and serve as a basis for evaluating internal audit services' performance.
Less than a minute | 03 Feb 2025
IN PURSUIT OF EXCELLENCE
Insights IN PURSUIT OF EXCELLENCE
This article delves into the concept of excellence, emphasizing continuous improvement over perfection. It discusses the importance of enjoying one's work, the value of hard work, and the pursuit of excellence as a journey rather than a target. The author shares personal experiences and advises against comparing oneself to others, highlighting the significance of personal accountability and measuring growth against one's past self.
Dheeraj Suvarna
Dheeraj Suvarna
| 4 min read | 23 Jan 2025
Analysis of the Tax Procedures (Amendment) Act, 2024
Tax Alert Issue No. 1 of 2025 Analysis of the Tax Procedures (Amendment) Act, 2024
The Tax Procedures Amendment Act, 2024, signed into law by President William Ruto on December 11, 2024, introduces several key changes to the Tax Procedures Act of 2015. Notably, it extends the Tax Amnesty Program, with the base period starting from December 31, 2023, and concluding on June 30, 2025. Additionally, the Act clarifies the reverse invoicing threshold and provides detailed guidelines on the contents of an electronic tax invoice.
Less than a minute | 16 Jan 2025
INTERNATIONAL FRAUD AWARENESS WEEK
Business Risk Services (BRS) Department INTERNATIONAL FRAUD AWARENESS WEEK
Explore the various challenges businesses face today, including financial, regulatory, and climate risks, with a focus on the pervasive threat of fraud. Learn about the tactics used by fraudsters and how businesses can protect themselves during Fraud Awareness Week.
Less than a minute | 21 Nov 2024
Tax Laws Amendment & Tax Procedures (Amendments) (No2) (Bills)
Tax Alert Issue No. 11 of 2024 Tax Laws Amendment & Tax Procedures (Amendments) (No2) (Bills)
The National Treasury has introduced the Tax Laws (Amendment) Bill, 2024 and the Tax Procedures (Amendment) (No.2) Bill, 2024, which propose changes to several tax acts. These bills had their First Reading on 13th November 2024. The public is invited to participate and provide comments on 22nd and 23rd November 2024. Our alert compares these amendments with the withdrawn Finance Bill, 2024.
1 min read | 19 Nov 2024
Office Romance - Critical Lessons From the G4S Ruling
Insights from the G4S Ruling on Office Romance Office Romance - Critical Lessons From the G4S Ruling
Kenyan labor court awards Sh3.2 million to former G4S Operations Manager for unjust termination over workplace affair allegations. The ruling highlights key legal principles on employee privacy and workplace policies.
Less than a minute | 01 Oct 2024
Key changes proposed in the Tax Procedures (Amendment) Bill, 2024
Tax Alert Issue No. 10 of 2024 Key changes proposed in the Tax Procedures (Amendment) Bill, 2024
The government is shifting from the traditional comprehensive Tax Laws (Amendment) Bill to a more incremental approach for amending current tax laws. On August 19, 2024, the Cabinet Secretary for the National Treasury and Economic Planning submitted the Tax Procedures (Amendment) Bill, 2024 to the National Assembly. This Bill aims to amend the Tax Procedures Act (Chapter 468B of the Laws of Kenya).
1 min read | 25 Sep 2024
From Risk to Resilience: The Role of Public-Private Partnerships in Disaster Management
From Risk to Resilience From Risk to Resilience: The Role of Public-Private Partnerships in Disaster Management
This article explores how Public-Private Partnerships (PPPs) play a crucial role in enhancing disaster management. It highlights the benefits of combining public sector expertise with private sector innovation to improve disaster preparedness, response, and resilient infrastructure development. The article also discusses solutions offered by Grant Thornton for effective disaster management.
Less than a minute | 06 Sep 2024
Income Tax (Donations and Charitable Organizations Exemption) Regulations, 2024
Tax Alert Issue No. 9 of 2024 Income Tax (Donations and Charitable Organizations Exemption) Regulations, 2024
Stay updated with the latest Income Tax regulations for charitable organizations in Kenya. The new Income Tax (Donations and Charitable Organizations Exemptions) Regulations, 2024, provide comprehensive guidelines for applying for tax exemptions from the Kenya Revenue Authority (KRA). Learn about the criteria for recognition, application procedures, and the transition period for compliance by June 18, 2025. Ensure your organization meets the new requirements and benefits from tax exemptions.
Less than a minute | 05 Sep 2024
KRA’s proposal to a new car valuation method: What’s the impact on motorists and importers?
Tax Alert Issue No. 8 of 2024 KRA’s proposal to a new car valuation method: What’s the impact on motorists and importers?
On 20th May 2024 KRA informed the public on its intention to conduct a public participation to obtain views on the Free on Board (FOB) values for used motor vehicles before implementation of a new motor vehicle valuation database by 31st August 2024.
Less than a minute | 28 Aug 2024
Supreme Court stays the judgement of the Court of Appeal against Finance Act 2023
Tax Alert Issue No. 7 of 2024 Supreme Court stays the judgement of the Court of Appeal against Finance Act 2023
On 31st July 2024 the Court of Appeal (CoA) rendered a judgement in the CIVIL APPEAL NO. E003 OF 2023 declaring the Finance Act 2023 unconstitutional.
Less than a minute | 21 Aug 2024
Internal Audit Awareness
Building a Culture of Internal Audit Awareness Internal Audit Awareness
What is Internal Audit? Why is internal audit important?
Less than a minute | 21 May 2024
Analysis of the Kenya Finance Bill, 2024
Analysis of the Kenya Finance Bill, 2024 Analysis of the Kenya Finance Bill, 2024
The Finance Bill, 2024(“The Bill”), was tabled to the National Assembly on 13 May 2024 for the first reading. The proposals in the Bill are likely to have a significant impact on stakeholders if implemented as it is.
1 min read | 20 May 2024
Tax Appeal Tribunal Supports Use of Interquartile Range Over Median
OECD Guidelines Prevail Tax Appeal Tribunal Supports Use of Interquartile Range Over Median
The Tax Appeal Tribunal has delivered a decision that marks a significant victory for taxpayers facing adjustments to their transfer pricing methodologies by the Commissioner of Domestic Taxes.
Less than a minute | 03 Apr 2024
Tax Alert: The Affordable Housing Act, 2024
The Affordable Housing Act, 2024 Tax Alert: The Affordable Housing Act, 2024
President. William Ruto on 19th March 2024 assented to the Affordable Housing Bill 2023 into law. Pursuantly, Sections 4 and 5 of the Affordable Housing Act, 2024 relating to imposition of the levy and deductions by employers, become effective on the date of assent, the rest of the sections of the Act will become operational via a notice in the Gazette.
Less than a minute | 22 Mar 2024
Load more