Category: TAX GUIDES & COMPLIANCE
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It is the 21st of the month. You are looking through your business ledgers and realize with a sinking feeling that the 20th has passed. For small and medium-sized enterprises (SMEs) in Kenya, the 20th is more than just a date—it is the deadline for Turnover Tax (TOT). Missing a tax deadline is a common…
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Tax arrears can quietly cripple a business, often escalating from a minor oversight into a full-blown financial crisis. Whether your debt stems from PAYE, VAT, Corporate Tax, or Turnover Tax (TOT), the pressure of a Kenya Revenue Authority (KRA) demand notice is enough to keep any business owner awake at night. However, the “panic-pay” response—emptying…
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Receiving a KRA VAT demand notice can be a stressful and alarming experience for any business owner or financial officer in Kenya. In the current tax landscape, where the Kenya Revenue Authority (KRA) has shifted toward data-driven enforcement through systems like eTIMS and iTax, these notices are becoming increasingly common. Whether you have just discovered a “Notice…
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Every year between January and June, the “P9 season” takes over Kenyan HR and finance departments. For many, it is viewed as a routine administrative task—a document to be handed over so employees can file their individual income tax returns (ITR). However, at Pedo & Associates Tax Advisors, we have observed a dangerous trend: many…
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Disagree with a KRA Penalties assessment? You have rights. This guide covers the full objections and appeals process in Kenya — deadlines, requirements, and strategies that work. A KRA tax assessment landing in your inbox is not the end of the conversation. It is the beginning of one — and the law is firmly on…
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For decades, the Kenyan fiscal landscape offered a reliable safety net for capital-intensive enterprises: the ability to carry forward tax losses indefinitely. This provision allowed businesses — from geothermal plants to tech startups —to offset early-year losses against future profits without the pressure of an expiring clock. However, the Finance Bill 2026 proposes a seismic shift in…
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The Finance Bill 2026 is not like the ones before it. Previous bills introduced new taxes or adjusted rates. This one does something more unsettling — it fundamentally changes the relationship between Kenyan businesses and the Kenya Revenue Authority. KRA is no longer waiting for you to declare your income. It is building the infrastructure…
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Tax Laws and Regulations can be Complex and Ever-changing, Making it Essential for Accountants to Stay Updated and Knowledgeable. Whether you are Managing Corporate Accounts or Individual Returns, a Strong Grasp of Key Tax Concepts will Help Ensure compliance and enable you to advise your clients effectively. Below are some essential tax concepts and principles that every…
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Kenya, a nation at the forefront of sustainable development in Africa, is increasingly leveraging green fiscal policy to drive environmental protection and economic growth. Recent data indicates that green investments in Kenya have the potential to generate up to 3% of GDP growth annually. However, navigating the complexities of Value Added Tax (VAT), excise duties,…
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Closing a business is never easy, but understanding the legal and tax implications beforehand can significantly ease the process. This comprehensive guide will walk you through the intricacies of company liquidation in Kenya, covering everything from obtaining tax clearance to navigating the legal requirements. We’ll demystify the process, providing practical advice and insights to help…