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2020 - 2020-05-05
Kenya Tax Alert Issue No.3 of 2020
The Tax Laws (Amendment) Act, 2020 (Act) was assented by the President on 25 April 2020 and published on 27 April 2020. Most of the provisions in this Act became effective on the date of assent save for the amendments to Section 5(2) of the Value Added Tax (VAT) Act, 2013 which becomes effective on 15 May 2020. This Tax Alert supersedes our Tax Alert Issue number 2 of 2020 which analysed the provisions of the Bill which has now become law.
Read more2020 - 2020-04-08
Kenya Tax Alert Issue No.2 of 2020
On 25 March 2020, President Uhuru Kenyatta announced various measures ‘to cushion every Kenyan from the shocks arising from COVID-19’, with the principle aim of providing certainty to both employees and employers. Subsequently, The Tax Laws (Amendment) Bill, 2020 was Gazetted on 30 March 2020 detailing out these and various other fiscal proposals. This is in addition to the reduction of the Value Added Tax (VAT) rate to 14% which was effected on 1 April 2020.
Read moreCSR - 2020-02-28
Corporate Social Responsibility 2019 Report
At PKF, we pride ourselves in having a deep heritage of operating at the highest level of integrity. We have a strong commitment to responsible business practices and recognise the importance of balancing the interests of all our key stakeholders - our clients, staff and the communities in which we work.
Read more2019 - 2019-12-01
Tanzania Journal - Transfer Pricing
Transfer pricing is one of the important issues globally.it is constantly under debate and scrutiny by the tax administration in almost every country.
Read more2019 -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.
Read more2019 -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.
Read more2019 -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.
Read moreiNews - 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.
Read more2019 -2019-07-01
Tanzania Finance Act Brief 2019
The Finance Act 2019 has brought about several amendments to various laws with a preliminary view to widen the tax bracket and reduce administrative burdens faced by taxpayers. Therefore, we equip you with a summary of the amendments that are effective from 01 July 2019.
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