TripleOKLaw

income tax act

Finance Bill 2022 – Tax Deduction for Charitable Donations

On 7th April 2022, the Cabinet Secretary for the National Treasury and Planning delivered the Budget Statement for the financial year 2022/2023 to the National Assembly. In the address to the National Assembly the Cabinet Secretary proposed a raft of tax policy measures for the fiscal year 2022/2023. In this regard, and in recognition of …

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LEGAL ALERT: Temporary Suspension of Section 12d of the Income Tax Act and Related Minimum Tax Guidelines

“Having considered the issues placed before me, it is my view and I find that this is an appropriate case for the 2nd Respondent (Kenya Revenue Authority) to “hold its horses” for the time being as this Court navigates through the labyrinth of the respective contentions made by the parties herein.” Justice George V. Odunga …

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