Being an economically emerging and developing country, Kenya has observed business growth and opportunities in various sectors including travel, tourism, education, sports, manufacturing, transportation, financial institutions and NGOs , Public sector and other sectors. This has led to the growing number of audit firms in Kenya. For any business firms, it is important to get audited annually to have an insight into the operations and compliance of the company.
From the turn of events, learning from the previous epidemics like Ebola and SARS, most of the governments and corporations were not prepared to face a disruption of such a scale. The anticipation of such an epidemic to get out of hand was not there leaving China to struggle with it alone for several months. It is a unique situation of unplanned occurrences since the dynamics involve factors above any one country or corporation. Whereas one could have internal controls and measures most of the business disruptions may occur due to disruption of the supply chain and the market where the demand for the products decreases temporarily.
Double Taxation Agreements are treaties between two or more countries to avoid international double taxation of income and property. The main objective of DTA is to allocate the right of taxation between the engaging countries, to circumvent differences for taxpayers to have equal rights and security, and to avert tax evasion.
Taxation Changes Effected by the Finance Act 2019
The President assented to the Finance Act 2019 (the Finance Act) on 7 November 2019. This has brought into effect a number of changes in the Kenyan taxation regime
It is possible to manage your finances more effectively through planning. Managing income helps you understand how much money you will need for tax payments, other monthly expenditures and savings.