2020 -2020-07-10

Amendments Non-Citizen (Employment Regulation) ACT, 2015.

Electronic System Application and Issuance of Work Permits Legalized.

For the past two months, the work permits have been issued electronically however, the same was not provided for in the law. Probably that was to test the efficiency of the system (testing stage).

2020 -2020-07-08

Retirement Benefit Schemes: Risk Review and Management considering the impact of Covid-19

COVID-19 continues to expand its global impact on individuals, businesses, communities and governments. Businesses are navigating through numerous interrelated issues affecting operations, employee welfare, cash and liquidity. The dynamic nature of this pandemic makes it hard to assess what will happen next.

This communique is to assist the pension schemes to manage financial and liquidity risks. The Retirement Benefits Authority has given a waiver of penalties on late submission of audited accounts as well as human capital risks to give ample time for scheme staff to prepare and approve audited accounts when navigating through the change in working environment.

2020 -2020-07-05

Kenya Tax Alert Issue No.6 of 2020 - Finance Act 2020

The Finance Act, 2020 was assented into law by the President on 30 June 2020 with a majority of the proposals in the Finance Bill, 2020 being enacted. Our tax alert analyses the Finance Act, 2020 and clarifies the effective dates for each of the amendments.

2020 -2020-06-29

PKF Kenya LLP quick guide on how to file your personal returns for the year 2019

The statement “…give to Caesar what belongs to Caesar…” encapsulates the reality of taxation in one of the greatest empires the world has ever known - The Roman Empire. When we cast further back into our own rich African heritage, we cite the famous Aksumite Kingdom as well as the proud Ethiopian Dynasty. Administrations, governments and kingdoms that strived to secure the wellbeing of its people. In order to secure said wellbeing, these systems needed financing and monetary resources collected from the populace. Therefore, the birth of taxation. Taxes levied in these establishments of old were against land, homes, estate, slaves,
trade, animals, personal items and monetary wealth. We have since evolved. However, the granular fundamentals of taxation are strikingly similar.

PKF in Eastern Africa Member Firms Budget Reviews -2020-06-18

PKF Kenya 2020-2021 Budget Review

In the attached document we summarize and provide commentary on the taxation and other proposals included within the Cabinet Secretary’s statement as well as an analysis of the economic performance.

2020 -2020-06-15

PKF Kenya Budget Review 2020-2021

We are pleased to share with you the PKF synopsis of the Kenya National Budget 2020/2021.
In the attached document we summarise and provide commentary on the taxation and other proposals included within the Cabinet Secretary’s statement as well as an analysis of the economic performance.

Please feel free to contact your service team at PKF should you have any enquiries.