Prime Welsch Consulting LLP provides a comprehensive breakdown of the Kenya Finance Bill, 2026, highlighting key proposed tax and regulatory changes across income tax, VAT, excise duty, corporate taxation, digital economy, real estate, and cross-border transactions. The Bill introduces significant reforms affecting filing deadlines, digital payments, betting and gaming taxation, rental income, REIT incentives, and compliance frameworks, with phased implementation dates from 1st July 2026 and 1st January 2027. The analysis outlines the potential impact on businesses, investors, and taxpayers, emphasising increased compliance obligations, broadened tax bases, and shifts in sector-specific taxation policies.
Tag Archives: tax compliance Kenya
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From the 2025 accounting period, the Kenya Revenue Authority (KRA) will strictly enforce the use of eTIMS for validating business income and expenses in Income Tax Returns. All recognised sales and expenses must now be supported by eTIMS-issued invoices, with non-compliant transactions disallowed during tax computation and filing on iTax. This shift will significantly impact businesses of all sizes, compelling greater formalisation, upgraded accounting systems, and closer alignment with KRA’s digital records to remain compliant and competitive.
