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Monday 08:30 - 17:00 Tuesday 08:30 - 17:00 Wednesday 08:30 - 17:00 Thursday 08:30 - 17:00 Friday 08:30 - 17:00

MGK Consulting

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MGK Consulting

MGK is an independent accounting and audit firm serving both individual and corporate clients. Our services are tailor made for each client.

With our skilled and experienced staff, we provide a comprehensive range of business solutions. Where expertise is not available in-house, we have partnered with carefully selected associates so as to make MGK a one-stop shop for financial and business solutions. Whether it is helping you register a new business, setting up your accounting and control systems, handling your payroll or providing assurance services we will be able to help you. We work with both individual and corporate clients

05/08/2026

Tax compliance can be challenging, especially with multiple statutory obligations and reporting requirements throughout the year.

We'd like to hear from you.

𝐖𝐡𝐢𝐜𝐡 𝐭𝐚𝐱 𝐨𝐛𝐥𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐝𝐨 𝐲𝐨𝐮 𝐟𝐢𝐧𝐝 𝐦𝐨𝐬𝐭 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐢𝐧𝐠?

A. PAYE

B. VAT

C. Corporate Tax

D. Payroll Deductions

Cast your vote and tell us why in the comments.

03/08/2026

August is packed with important tax and statutory compliance deadlines. Is your business prepared?

From PAYE and SHIF to VAT, Excise Duty, Withholding Tax and Corporate Income Tax, staying ahead of your obligations helps your business avoid penalties, maintain compliance, and plan cash flow more effectively.

At MGK Consult, we encourage businesses to plan ahead rather than rush at the last minute.

Stay with us throughout August as we break down each key deadline and explain what it means for your business.

31/07/2026

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐀𝐫𝐞 𝐘𝐨𝐮𝐫 𝐓𝐚𝐱 𝐈𝐧𝐯𝐨𝐢𝐜𝐞𝐬 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔?

The Finance Act 2026 reinforces the importance of maintaining compliant electronic tax invoices as part of sound business record-keeping.

Businesses should review whether their invoicing systems:

Capture the required tax information
Generate compliant electronic invoices
Support accurate VAT reporting
Integrate with accounting processes

Good invoicing isn't just about compliance - it's the foundation of accurate financial reporting and smoother tax administration.

At MGK Consult, we help businesses review their tax processes and stay ahead of legislative changes.

30/07/2026

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐂𝐚𝐧 𝐞𝐯𝐞𝐫𝐲 𝐛𝐚𝐝 𝐝𝐞𝐛𝐭 𝐛𝐞 𝐜𝐥𝐚𝐢𝐦𝐞𝐝 𝐚𝐬 𝐚 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧?

Not necessarily.

The Finance Act 2026 highlights the importance of meeting the required conditions before claiming a deduction for bad debts.

Before making a claim, businesses should ensure they have:

✔ Made reasonable recovery efforts.
✔ Kept proper supporting records.
✔ Applied the tax rules correctly.

Understanding the difference between accounting treatment and tax treatment can help businesses avoid unnecessary tax adjustments.

Source: Finance Act, 2026.

28/07/2026

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 | 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐫𝐬

The Finance Act, 2026 has repealed the preferential 15% corporation tax rate that was previously available to qualifying residential developers.

From 1 July 2026, eligible developers are now subject to the standard 30% corporation tax rate.

While the amendment directly affects residential developers, its impact extends across the property sector. Developers, investors, lenders and project stakeholders should review the financial assumptions underpinning both current and future projects.

This is an appropriate time to reassess:
✔ Project profitability
✔ Pricing strategies
✔ Cash flow forecasts
✔ Investment decisions

Legislative changes are more than compliance updates—they can influence long-term business strategy.

Source: Finance Act, 2026.

If your organisation is assessing how the latest tax changes affect your business, the MGK Consulting team is available to provide guidance.

24/07/2026

Finance Act 2026 Insights

Did you know that VAT-exempt and zero-rated are not the same?

The Finance Act, 2026 includes changes to the VAT schedules, making it important for businesses to review how their products and services are treated.

Here's the difference:

✔ Zero-rated supplies are taxed at 0%, allowing businesses to claim input VAT on qualifying purchases.

✔ VAT-exempt supplies are not subject to VAT, but businesses generally cannot recover the input VAT incurred.

Understanding this distinction can affect your pricing, cash flow, and overall tax compliance.

Now is a good time to review whether the Finance Act has changed the VAT treatment of the goods or services your business supplies.

Source: Finance Act, 2026.

22/07/2026

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐈𝐬 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐭𝐚𝐱 𝐫𝐞𝐜𝐨𝐫𝐝𝐬?

As tax administration becomes increasingly digital, accurate transaction records are more important than ever.

Now is a good time to ask:

✔ Are your invoices properly recorded?
✔ Do your accounting records match your tax returns?
✔ Are supporting documents easy to retrieve?
✔ Is your accounting or ERP system up to date?

Good record-keeping doesn't just help with compliance. It gives your business confidence when responding to tax reviews and supports better financial management.

𝐒𝐨𝐮𝐫𝐜𝐞: Finance Act, 2026.

Need help reviewing your tax processes? Talk to the MGK Consulting team.

20/07/2026

Tax Amnesty 2026: Have You Read the Latest Guidance?

The Tax Amnesty Programme introduced under the Finance Act, 2026 provides eligible taxpayers with an opportunity to regularise historical tax liabilities and potentially benefit from a waiver of penalties, interest, and fines, subject to meeting the prescribed conditions.

To help businesses and individuals understand the programme, our tax team has prepared a concise newsletter covering:

✔ Who qualifies for the Tax Amnesty
✔ Taxes covered under the programme
✔ Key conditions and deadlines
✔ Practical considerations before applying

📄 Download the newsletter to understand what the programme could mean for you or your business. https://shorturl.at/T5Muy

If you have questions about your eligibility or need assistance reviewing your tax position, our team is ready to help.

15/07/2026

𝐓𝐚𝐱 𝐀𝐦𝐧𝐞𝐬𝐭𝐲 𝟐𝟎𝟐𝟔: 𝐖𝐡𝐚𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐊𝐧𝐨𝐰

The Kenya Revenue Authority (KRA) has reintroduced the Tax Amnesty Programme through the Finance Act, 2026, giving eligible taxpayers a final opportunity to regularise outstanding tax obligations.

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐦𝐞𝐚𝐧?

If you have outstanding principal tax that accrued on or before 31 December 2025, you may qualify for a 100% waiver of the related penalties, interest and fines, provided the principal tax is settled by 31 December 2026.

The programme applies to various tax heads, including:
• PAYE
• VAT
• Corporation Tax
• Withholding Tax
• Capital Gains Tax
• Excise Duty
• Monthly Rental Income Tax
• Turnover Tax
• Digital Service Tax
• Significant Economic Presence Tax (SEPT).

Businesses should not wait until year-end. Reviewing your tax position early provides time to reconcile records, confirm eligibility, and, where necessary, agree on a payment arrangement with KRA.

Need help understanding how the Tax Amnesty applies to your business? The MGK Consulting tax team is ready to assist.

13/07/2026

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐀𝐜𝐭 𝟐𝟎𝟐𝟔 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐚 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧?

The Finance Act, 2026 introduces Capital Gains Tax relief for qualifying internal company reorganisations, subject to the conditions provided in the law.

This change is particularly relevant for:
✔ Family-owned businesses
✔ Group companies
✔ Holding companies
✔ Businesses planning internal restructuring or succession

If your organisation is considering a restructuring, now is a good time to review how the new provisions may apply and ensure the necessary planning and documentation are in place.

Every business is different, so understanding the rules before making structural changes is essential.

Source: Finance Act, 2026.

Need professional guidance? The MGK Consulting team is here to help.

Address

Nairobi
00100

Opening Hours

Monday	08:30 - 17:00
Tuesday	08:30 - 17:00
Wednesday	08:30 - 17:00
Thursday	08:30 - 17:00
Friday	08:30 - 17:00

Website

https://www.mgkconsult.co.ke/

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