What are some of the impacts of non-compliance of tax laws in kenya a) Audit Tax assessments – this is verification exercise from KRA officials into the books of a tax payer to ascertain full discourse. b) Penalties and interest - Non-compliance with tax can result in punitive measures being taken against businesses in the form of penalties and interest. c) Sanctions – The tax man can impose sanctions such as freezing banking accounts or attaching property to recover taxes. d) Reputational risks - Non-compliance with tax laws carries a huge reputational risk on the part of a business profile #Tax #TaxCompliance #Business #BusinessTax #Compliance
John Daniel & Partners LLP
Accounting
Nairobi, Nairobi 1,117 followers
Audit | Tax | Accounting | Advisory
About us
Audit | Tax | Accounting | Advisory
- Website
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http://johndaniel.co.ke/
External link for John Daniel & Partners LLP
- Industry
- Accounting
- Company size
- 11-50 employees
- Headquarters
- Nairobi, Nairobi
- Type
- Partnership
- Founded
- 2021
- Specialties
- Tax Services, Accounting & Bookkeeping, Internal Auditing, Payroll Management, Audit/Assurance, Management Consultancy, Investigation Services, and Attestation of Documents
Locations
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Primary
Kindaruma Road/Wood Avenue
Commodore Office Suites, Suite 3E
Nairobi, Nairobi, KE
Employees at John Daniel & Partners LLP
Updates
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John Daniel & Partners LLP is hosting Tax Breakfast: Recent Tax Changes and their Implications on SMEs.. Make sure to attend it on December 11.
This December, we are excited to host you or your business representative to a Tax Breakfast. We’ll discuss recent tax changes and their Implications for SMEs. Gift yourself this opportunity to navigate taxes with information moving forward. Drop in your registration details on this link: https://lnkd.in/d-pbSbEs More details are highlighted on the attached poster. #Tax #TaxBreakfast #FormalBreakfast #Event #December
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Wonderful Monday to start wrapping up the year. We are here to help you navigate tax challenges with tailored strategies and proactive solutions. Here’s how we can support your business: ✔️ Identifying existing tax and legal risks and assisting you in implementing remediation measures; ✔️ Advising you on tax opportunities that you can take advantage of e.g. tax exemptions; ✔️ Carrying out tax training for your staff ✔️ Supporting you with proper book-keeping #Business #Accounting #Tax #Bookkeeping #December #Monday
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This December, we are excited to host you or your business representative to a Tax Breakfast. We’ll be looking at Recent Tax Changes and their Implications on SMEs. Gift yourself this opportunity and navigate taxes with information moving forward. Drop in your registration details on this link: https://lnkd.in/d-pbSbEs More details are highlighted on the attached poster. #Tax #TaxBreakfast #FormalBreakfast #Event #December
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The tax laws amendment bill, 2024, contains proposed amendments on Proposed Changes to the Tax Procedures Act (TPA) in the following areas: — Electronic Tax Invoices — Tax Amnesty — Appointment of Value Added Tax withholding Agent — Offset or Refund of Overpaid Tax — Due Date for Submission and Payment — Late Submission Penalty — Integration of Taxpayer’s Electronic Tax System — Reverse Invoicing — Transactions for Which a PIN is Required See the table representation for details. #VAT #Tax #Business #AccountingInKenya #GettoKnow #Friday
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The tax laws amendment bill, 2024, contains proposed amendments on Excise Duty in the following areas: — Imposition of Excise Duty — Duty remission on alcoholic beverages — Timelines for payment of excise duty for alcoholic beverages — vehicles description — Excisable Services. See the graphics presentation for details. #VAT #Tax #Business #AccountingInKenya #GettoKnow #Monday
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The tax laws amendment bill, 2024, contains proposed amendments on Value Added Tax (VAT) in the following areas: — Change from exempt to taxable at the standard rate -services — Removal of tourism sector VAT exemptions — Time of supply of goods and services. — Apportionment of input VAT for mixed supplies — Application of East Africa Community Customs Management Act, 2004 — Transfer of business as a going concern from VAT See the graphics presentation. #VAT #Tax #Business #AccountingInKenya #GettoKnow
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This December, we are excited to host you or your business representative to a Tax Breakfast. We’ll discuss recent tax changes and their Implications for SMEs. Gift yourself this opportunity to navigate taxes with information moving forward. Drop in your registration details on this link: https://lnkd.in/d-pbSbEs More details are highlighted on the attached poster. #Tax #TaxBreakfast #FormalBreakfast #Event #December
This content isn’t available here
Access this content and more in the LinkedIn app
-
This December, we are excited to host you or your business representative to a Tax Breakfast. We’ll be looking at Recent Tax Changes and their Implications on SMEs. Gift yourself this opportunity to navigate taxes with information moving forward. Drop in your registration details on this link: https://lnkd.in/d-pbSbEs More details are highlighted on the attached poster. #Tax #TaxBreakfast #FormalBreakfast #Event #December