WTS in Kenya

Corporate governance is key to organizational success, driving trust, transparency, and sustainability. In Kenya, frameworks like Mwongozo guide businesses, enhancing performance and aligning with global trends like ESG.

Recent tax developments from nine countries on the continent.

On 1 July 2024, the EU-Kenya Economic Partnership Agreement (EPA) entered into force culminating negotiations towards an EU-Kenya Strategic Partnership.

Recent tax developments from nine countries on the continent.

Recent tax developments from eight countries on the continent.

The Kenya Revenue Authority (KRA) aimed to expand the definition of "royalty" in the Finance Bill, 2024, to include software payments, but the bill was rejected after protests. Despite this, KRA's proposal follows a High Court case and reflects ongoing debates over software taxation in Kenya.

Recent tax determinations taken by the Tax Appeals Tribunal (TAT/Tribunal) have caused some disquiet within the PE and VC sector in Kenya.

Recent tax developments from eight countries on the continent.

Recent tax developments from eight countries on the continent.

The High Court in Kenya delivered a judgement allowing an investment deduction in respect of capital expenditure incurred on the construction of a building and installation of machinery. The judgment is significant from the point of view of prospective application as well as construction of tax statutes. 

Recently, the issue of the corporate tax residency of companies incorporated outside Kenya has arisen, especially for multi-national enterprises with a business presence or related entities in Kenya.

Recent tax developments from six countries on the continent.

Recent tax developments from six countries on the continent.

Recent tax developments from six countries on the continent.

Kenya’s 2022 Finance Act amended various provisions of the income tax law.

Traditionally, the government of Kenya has been introducing changes to tax laws every year, mainly through an annual finance act.

The remote working of employees has raised concerns regarding the creation of PE risks for their foreign employers in Kenya. 

International trade in goods and services providing a significant tax base for revenue authorities