Brisk corporate consultants

12/04/2025

https://www.businessdailyafrica.com/bd/economy/kra-goes-after-landlords-with-new-online-system-4998236

Gava Connect is designed to enable IT developers to create digital solutions that simplify access to tax services.

26/12/2024

The Kenya Revenue Authority (KRA) has provided guidance on processing December 2024 payrolls in light of the Tax Laws (Amendment) Act, effective 27th December 2024.
An example illustrating the implications for an individual earning Ksh 45,000 is attached.

23/12/2024

The Kenya Revenue Authority (KRA) has issued a notice to manufacturers, importers and suppliers of excisable goods informing them about the adjustment of the excise duty.
The Authority, through a notice issued on Monday, December 23, announced the increase in excise duty of imported sugar from Ksh5 per kilogram to Ksh7.5 per kilogram.
However, the new rate excludes sugar imported by a registered pharmaceutical manufacturer and raw sugar imported for processing by a licensed sugar refinery.
KRA also announced the increase in the excise duty on products containing ni****ne or ni****ne substitutes intended for inhalation without combustion or oral application.
This excludes such commodities imported from East African Community (EAC) Partner States, but they must first meet the EAC rules of origin.
While making the announcement, the revenue authority revealed that the adjustments in the excise duty charged on the said goods were a result of the implementation of the Tax Laws (Amendment) Act, which was signed into law by President William Ruto.
According to KRA, the new charges will be effective from December 27 this year, when the Tax Laws (Amendment) Act will come into force.
Manufacturers of excisable goods and suppliers of excisable services are required to apply excise duty rates on the excisable goods and services and remit them to the Commissioner.

25/11/2024

"Hey my name is Clement . I specialise in business operations and human behavior. *Self-limiting beliefs* are one of the silent barriers to business growth and success. Through the lens of business psychology, we can uncover how human behavior influences decision-making, productivity, leadership, , and overall organizational success.

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Time: 5:00 PM - 6:00 PM

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Join us for an info session on Google Meet as we share broadly and elaborate more on how Business Psychology will help business owners tackle the business challenges and empower...

08/01/2024

Have you complied with the new e-tims regulations(effective 01/01/2024)?

07/12/2023

14/06/2023

Taxation of Landlords (Residential Houses )
Below KES 288,000: declare your rent annually together with any other income.
Between KES 288,000 and 15,000,000 p.a-Pay 10% on Gross Rent on monthly basis
KES 15,000,000 p. a,and above- Pay instalment Tax, Deduct expenses and pay tax on net rent @ 30% or graduated scale incase of an individual

03/08/2022

VAT Regulations, 2017 are now valid and enforceable
This Alert brings to your attention the High Court’s updated judgment of 14 July 2022 in the case of Commissioner of Domestic Taxes (KRA) vs W.E.C Lines.
On 31 January 2022, the High Court invalidated the VAT
Regulations 2017. The High Court found that the VAT
Regulations 2017 were not valid because they were not
tabled before the National Assembly.

Aggrieved by this finding, the KRA filed a Notice of
Appeal and later an application seeking a review of the
judgment of the Court. The KRA argued that its lawyer
inadvertently misled the Court to arrive at an erroneous
decision that the Regulations were never tabled before
the National Assembly.

The Taxpayer opposed the application and argued that
the KRA had not met the grounds required for review.
The High Court rendered its decision, setting aside
that part of its earlier judgment invalidating the VAT
Regulations 2017. Thus, the High Court determined that
the Regulations were valid and enforceable.

20/07/2022

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One of the proposals in the draft National Tax Policy currently under consideration is to review taxes every five years. This is done in order to eliminate the current unpredictability in our tax system.
For example, prior to 2020, VAT on service exportation was zero-rated. In the year 2021, the status was changed to "exempt." The Treasury changed it to the standard rate last month, with effect from July 1, 2022.
An unpredictable tax environment is not conducive to business.

29/01/2022

https://fb.watch/aRaTRpUb19/

24/01/2022

Insurance relief was extended to the NHIF by the Finance Act 2021.
Your January 2022 net salary will therefore increase by a maximum of KES 255.