Insights

Insights

The Consultant – April 2024

The Consultant Issue 16 April 2024Download

Critical Information Infrastructure and Cybercrime Management Regulations, 2024

image by Freepik Equity Bank recently faced a significant cybersecurity threat, with a recent cybercrime resulting in the loss of Sh179 million. The breach, reported ...

Unlocking Opportunities: Preparing for IFRS 18 Compliance to Enhance Profitability and Tax Advantage

image by rawpixel.com on freepik On April 9, 2024, the International Accounting Standards Board (IASB) released IFRS 18, a new accounting standard that is poised ...

The Deluge Dilemma: Exploring the Economic Effects of Flooding on the Kenyan Economy

image by upkylak on Freepik Flooding in Kenya has become a devastating phenomenon, causing significant economic disruptions across various sectors. From agriculture to infrastructure, construction ...

Shattering Expectations: Women Demolishing the Glass Ceiling in Construction

As the construction industry remains a masculine domain since the old age from Lina Bo Bardi who designed buildings that combined populism and modernism back ...

The CBK Green Finance Taxonomy : Insights & Guidelines

In early 2024, Nairobi hosted a significant conference addressing climate change, pollution, and biodiversity loss. The conference, held from February 24 to February 26, brought ...

FUTURE OF WORK: HARNESSING AUTOMATION, AI, AND THE GIG ECONOMY FOR A DYNAMIC WORKFORCE

As we stand on the precipice of a new era, the future of work promises to bring forth a wave of transformation unlike any other. ...

Boosting the Bottom Line; Unlocking Financial Fluidity in Manufacturing

Introduction Cashflow constraints are formidable obstacles for manufacturing companies, casting doubt over their operational viability and growth aspirations. These constraints, stemming from delayed receivables, excess ...

Mastering Due Diligence

A Comprehensive Guide for Investors Acquiring Companies Introduction Company acquisition is akin to embarking on a captivating journey filled with opportunities and challenges. For investors, ...

Exploring the Dynamic Influences: How to Shape Ladies’ Cosmetics Inventory and Stock Demand

In cosmetics, the interplay between influencers, social media, seasons, and weather unveils a fascinating narrative that shapes inventory management and consumer demand. From social media ...

BECOMING A REAL ESTATE INVESTMENT TRUST

The real estate industry in Kenya has experienced significant growth and transformation in recent years, driven by urbanization, population growth, and increasing demand for housing ...

Revolutionizing Manufacturing Operations

Strategies for Enhanced Efficiency and Management Excellence The manufacturing sector in Kenya has experienced steady growth over the past decade, yet its contribution to the ...

The Finance Act 2023

After several litigations barring its implementation, on Thursday 28th July 2023, the court of appeal lifted the conservatory orders suspending the implementation of the Finance ...

What skills are employers seeking in 2023?

Staying up to date on what employers are looking for and industry trends is crucial for job seekers in 2023. By focusing on the following, ...

Increase in Excise Duty

EXCISE STAMP TAX INCREASE. IS IT THE RIGHT TIME? IS IT THE RIGHT MOVE? The Kenya Revenue Authority (KRA) proposed an increment in excise stamp ...

VAT on Export Services

16% VAT on export services is now in enforcement. Introduction The finance Act 2022 was assented into law on 21st June 2022 with some sections ...

Withholding Tax on Royalties

High Court Ruling on Withholding Tax on Royalties Introduction Ruling; Distribution and sale of copyrighted material is not subjected to withholding tax. The High Court ...

Electronic Tax Invoice

The Kenya Revenue Authority (KRA) has set the mandatory roll out of electronic invoice for Value Added Tax (VAT) to August 1, 2021. The Value Added Tax ...

High Court Nullification of Minimum Tax

Minimum Tax Court Ruling 20th Sept The High Court led by Justice George Odunga has declared minimum Tax provisions unconstitutional and the Minimum Tax guidelines ...

Minimum Tax

Minimum Tax This will be a base income tax that will be payable by all persons regardless of whether they are making profit or not. ...

A LOOK AT THE FINANCIAL MARKETS CONDUCT BILL

The treasury has proposed a bill that will bring changes to the current financial system. These changes are to streamline and make the financial sector ...

PROPOSED CHANGES IN INCOME TAX

There are several proposed amendments to the Income tax Act in line with increasing efficiency and collection by the Kenya Revenue Authority. The agency must ...

FREE TRADE PACT TO PROPEL AFRICA TAKE OFF

The Africa continental free trade area (AfCTA) pact was created with an aim to create a single continental market for goods and services, with free ...

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