Installment Tax in Kenya
What is Installment Tax? Installment tax is estimated income tax paid periodically to KRA in anticipation of the tax payable for a year of income. It is a way of paying income tax in advance as the Income Tax Act requires. This targets taxpayers who are not employees, and it can be equated to income […]
Finance Act 2022 Update Analysis
Introduction to the Finance Act 2022 The Finance Act 2022 received presidential assent on 21st June 2022. Most of the changes introduced by act will be effective from 1st July 2022 except for the following which will become effective from 1st Jan 2023. Capital gains tax Financial derivatives Ascertainment of gains and profits from a […]