A “Right” to Light: A Look at the Key Provisions in Kenya’s Proposed Energy Bill, 2015
If passed, the Energy Bill, 2015 (the Energy Bill) will see Kenya Power (the country’s national electricity utility company) compensate consumers for financial losses and physical injuries due to power outages. The Energy Bill provides that ...
Read MoreLandlords, Beware: The New Residential Rental Income Tax Provisions in the Finance Act, 2015
Groundbreaking in many ways the Finance Act, 2015 (the Act) has had an impact on several sectors of the Kenyan economy. For instance, the statute has introduced a new tax known as “residential rental income tax” by inserting a new ...
Read MoreEven More Changes: A Look at the New Tax Procedures Act, 2015
Kenya has seen tremendous growth in both foreign and domestic investments, which has in turn resulted in an increase in tax revenue contributions to the national kitty. However, both the government and private sector have faced ...
Read MoreA Matter of Co-operation: Kenya Signs the Convention on Mutual Administrative Assistance in Tax Matters
Kenya has “officially” waged war against tax avoidance and evasion schemes, as mirrored by the recent enactment of the Tax Procedures Act of 2015. The war has now been advanced to international levels, whereby Kenya signed the ...
Read MoreCommencement of the Insolvency Act, 2015: Legal Notice No.1 of 2016
Following the enactment of the Insolvency Act, 2015 (No. 18 of 2015); by way of Legal Notice No.1 of 2016, the following provisions of the Act came into operation as of 18th January 2016: ...
Read MoreDefining Boundaries: A Closer Look at the Code of Corporate Governance Practices for Issuers of Securities to the Public, 2015
Section 11(3)(v) of the Capital Markets Act, Cap 485A Laws of Kenya authorizes the Capital Markets Authority (the Authority) to discharge its functions by prescribing notices or guidelines on corporate governance of companies whose securities ...
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