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2019 - 2019-11-15

Kenya Tax Alert Issue No. 5 of 2019

Prior to the date of assent of FA 2019, none of the changes proposed in the Finance Bill, 2019 had taken effect. This publication highlights the tax proposals in the Finance Act 2019 with the earliest having an effective date of 7 November 2019 and the rest becoming effective from 1 January 2020.

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2019 - 2019-11-15

PKF Kenya 2019 - 2020 Quick Tax Guide

The PKF Kenya 2019 - 2020 Quick Tax Guide highlights the changes of the Finance Act 2019 assented by the President on 7 November.

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2019 - 2019-11-06

Rwanda Tax Alert

The new Tax Procedures Law officially known as the Law No. 026/2019 of 18/09/2019 on Tax Procedures was published in the official gazette on 10 October 2019 and came into force on the same day. This new law repeals the previous Law No. 25/2005 of 04/12/2005 on Tax Procedures which had been in force since 2005.
Several amendments have been made and in this newsletter, we have highlighted some of the changes that we opine may have a fundamental impact on the way you do business in Rwanda in terms of tax procedures.

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2019 - 2019-08-21

Kenya Tax Alert Issue No. 4 of 2019

The process for issuance of Tax Compliance Certificates (TCC) has been enhanced. The system first verifies the tax compliance status from existing iTax data and a taxpayer will only proceed with the application if all tax returns have been filed and all taxes have been paid.

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iNews - IFRS & Technical Updates -2019-08-02

Lease Accounting Under IFRS 16

In January 2016 the IASB abolished the need for classification of leases as either finance or operating (for lessees) which previously resulted in assets and obligations related to operating leases being left out of the balance sheet. Other than for short term leases and leases of low value assets, lessees will present all leased assets and obligations on the balance sheet with effect from 1 January 2019.

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PKF in Eastern Africa Member Firms Budget Reviews -2019-06-20

PKF Kenya 2019-2020 Budget Review

PKF Kenya Budget Review Analysis for the year 2019/2020.

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2019 -2019-05-17

Tanzania Journal – EFD Invoices and Credit Note Procedures

This journal is an extension to our Feb 19 journal which had put the EFD under spotlight. In this journal we aim to address common questions a taxpayer faces during the process of issuing a tax invoice, claiming the same and mechanics for processing credit notes.

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2019 -2019-04-17

Kenya Tax Alert Issue No. 3 of 2019

This Tax Alert highlights the facts of the recent High Court ruling on the Double Taxation Agreement between Kenya and Mauritius and the recent developments with respect to Value Added Tax (“VAT”).

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2019 -2019-03-13

Tanzania Tax Journal-A Spotlight on EFD

Tanzania has implemented an electronic fiscal device (EFD) system since 2010. Over the years we have come across taxpayers who have been penalized for improper or negligent use of their EFD.
Through this journal we shed some light on how to manage EFD effectively and we also guide you on how to check compliance boxes to avoid tax repercussions.

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2019 -2019-03-07

PKF Tanzania Tax Journal-Statement of Tax Accounts

Tanzania Revenue Authority (TRA) maintains a tax account for all taxpayers. The tax account is for the purpose of recording transactions and is not different from any other account.

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