Taxation Archives

Accounting, Business, Taxation October 1, 2024

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Transition from NHIF to SHIF: A New Era in Health Insurance

As of October 1, 2024, the Ministry of Health has implemented the Social Health Insurance Act (SHIA), marking a shift from the National Hospital Insurance Fund (NHIF) to the new Social Health Insurance Fund (SHIF). Governed by the Social Health Authority (SHA), this transition aims to provide more comprehensive healthcare…

Accounting, Taxation July 17, 2024

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Enhancing Business Efficiency with Professional Bookkeeping Services

At Juma Auditors, we understand that managing your business's financial records can be a daunting task. To alleviate this burden, we offer comprehensive monthly accounting services, allowing you to benefit from a dedicated accounting department without incurring significant costs.

Accounting, Taxation July 8, 2024

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Master Your Business Tax Matters with Juma Auditors

If you are looking for a reputable tax agency in Kenya to take care of your business tax filing and help you get the best possible tax refund, then look no further. At Juma Auditors, our team of tax experts can manage all of your tax needs.

Finance, Taxation June 20, 2024

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Understanding Penalties for Late KRA Tax Return Filing in Kenya

In Kenya, every individual or entity with a Personal Identification Number (KRA PIN) issued by the Kenya Revenue Authority (KRA) is required to file tax returns. The KRA provides an online portal (iTax) for filing returns, making the process quick and straightforward. However, failure to file on time results in…

Finance, Taxation June 12, 2024

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Updated Guidelines on Tax Amnesty 2023-2024

Taxpayers should note that in case of any discrepancies between the Revenue Laws and this information, the Revenue Laws will take precedence. The Finance Act 2023 has introduced a tax amnesty for interest and penalties on tax debt by incorporating Section 37E into the Tax Procedures Act, 2015. The amnesty…

Taxation February 8, 2024

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Deciphering Kenya’s VAT Landscape

Value Added Tax (VAT) is an indirect tax applicable to the consumption of taxable goods and services in Kenya and on imported items. It’s paid by the end consumer for goods and services supplied within Kenya or brought into the country. Eligibility for VAT Registration Any entity supplying taxable goods…

Business, Taxation January 31, 2024

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eTIMS Compliance Mandate: A Deadline for Non-Registered Taxpayers by March 31, 2024

In a significant move to modernize tax administration, the Kenyan government has set a deadline for non-registered taxpayers to become eTIMS compliant by March 31, 2024. The eTax and Integrated Management System (eTIMS) is an initiative by the Kenya Revenue Authority (KRA) aimed at enhancing efficiency, transparency, and accountability in…

Accounting, Taxation January 26, 2024

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Understanding Fringe Benefit Tax

Loan facilities come in handy with the need for that extra cash. Some employers offer loans to their employees at interest rates lower than market rate. This is an employment benefit to the employee(s) which is subject to a tax known as Fringe Benefit Tax (FBT).

Taxation

Transition from NHIF to SHIF: A New Era in Health Insurance

Enhancing Business Efficiency with Professional Bookkeeping Services

Master Your Business Tax Matters with Juma Auditors

Understanding Penalties for Late KRA Tax Return Filing in Kenya

Updated Guidelines on Tax Amnesty 2023-2024

Deciphering Kenya’s VAT Landscape

eTIMS Compliance Mandate: A Deadline for Non-Registered Taxpayers by March 31, 2024

Understanding Fringe Benefit Tax

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Understanding KRA’s Fringe Benefit Tax & Deemed Interest Rates

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Why Bookkeeping is the Backbone of Every Successful Business

Top Triggers for KRA Audits in 2026: What Every Business in Kenya Must Know

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