KRA argued that although KenGen paid taxes on rental income, interest income and other miscellaneous income, it paid no tax on its principal business income because of substantial capital...
By
Sam Kiplagat
Court Reporter
Nation Media Group
The Tax Appeal Tribunal has endorsed tax liability assessments based on dividend payouts by corporates. This decision would embolden the Kenya Revenue Authority (KRA) to pursue corporates that distribute earnings to shareholders while paying little or no corporate income tax.
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Profits not distributed as dividends are recorded as retained earnings that can be used for expansion, acquisition and buffers…
Widespread opposition to tough taxation measures has shifted the responsibility for mobilising higher domestic revenues from the…
The Finance Bill has proposed expanding the definition of management fees, professional fees and merchant service fees arising…
The dispute arose after Pernod Ricard Kenya applied for tax refunds on December 6, 2022.
The KRA will likely record wider missed targets if the tax concessions are adopted without a reduced revenue outlook for the…
The Kenya-South Africa Double Tax Agreement was signed in November 2010 and became effective from January 1, 2016.
