Following the High Court's declaration that the housing levy was unconstitutional, the Affordable Housing Bill has been presented before Parliament for consideration to remedy the unconstitutionality cited by the three-judge High Court bench.
On 26 September 2023, the Kenya Revenue Authority published guidelines (the Guidelines) for insolvency practitioners (IPs) to operationalise the provisions of section 17 of the Tax Procedures Act, No. 29 of 2015 (the Tax Procedures Act) on the duties of an appointed person (which includes an IP).
The Bill seeks to establish a regulatory regime in order to deal with fraud in the real estate industry which is estimated to run over Kenya shillings one hundred billion (KES100,000,000,000) annually.
It is an incredible honor to be recognized among the top law firms in Africa, and this recognition reflects our team's unwavering commitment to excellence and our clients' trust in our services.
In a bid to reverse the decline in government revenue as a share of GDP, the government’s focus for the medium-term shall be largely on tax reforms hinging on (i) improving efficiency in revenue administration (ii) identification of loopholes for tax evasion, and (iii) enhancing taxpayer compliance.
The Carbon Credit Trading and Benefit Sharing Bill, 2023 introduction to Parliament to represents a significant step towards the development and implementation of a robust regulatory framework governing carbon markets in Kenya.
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