Tax Alert

Legal Tax Alert: Deduction of the Affordable Housing Levy by Employers

On 26th June 2023, the President assented to law the contentious Finance Bill, 2023 which brought a myriad of changes among them the affordable housing levy. I have used the word contentious because shortly after the Act was assented into law, its legality was challenged at the High Court of Kenya which subsequently suspended the implementation of the Act.

Stamp Duty on Purchase of Property

The purchase of land or property is major decision and therefore, all aspects that have a financial implication should be properly evaluated. It is important for the buyer to take into consideration all the tax implications in order to avoid instances of incompliance. The purchaser is required to pay stamp duty on the acquisition of a property. The stamp duty is calculated at the rate of 4% of the...

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