Capital Gains Tax (CGT) is a taxation mechanism imposed on gains that arise from the transfer of property in Kenya. This tax is applicable to individuals,...
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Unpacking Monthly Rental Income (MRI) in Kenya: A Comprehensive Guide
Rent, in the context of property, refers to payments received from granting the right to another person for the use or occupation of immovable property. In...
Continue reading...Navigating Advance Tax: A Preemptive Approach to Vehicle Licensing in Kenya
Advance tax is a pre-emptive taxation approach designed for public service vehicles and commercial vehicles in Kenya. This article aims to provide insights into the concept...
Continue reading...Understanding Installment Tax: A Guide to Advance Taxation in Kenya
Installment tax is a proactive approach to income tax payment, requiring individuals and non-individual entities to make periodic advance payments in anticipation of their annual tax...
Continue reading...Demystifying the Tax Compliance Certificate: A Crucial Document for Individuals and Businesses
In the realm of taxation, the Tax Compliance Certificate (TCC) stands as a significant testament to an individual’s or business’s commitment to fulfilling their tax obligations....
Continue reading...Understanding Withholding Tax: Exemptions, Mechanisms, and Procedures
Withholding tax is a crucial component of the taxation system, allowing governments to collect taxes at the source of income. This article provides insights into withholding...
Continue reading...Understanding PAYE in Kenya: A Comprehensive Guide for Employers
Pay As You Earn (PAYE) is a crucial component of the tax system in Kenya, designed to collect income tax efficiently. It is a mechanism where...
Continue reading...Understanding Income Tax: A Comprehensive Guide
Income tax is a fundamental aspect of a country’s fiscal system, serving as a primary source of revenue for governments worldwide. It is a direct tax...
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