JMC LLP-East Africa-Accountants and Business Consultants

22/11/2022

29/09/2021

The Brand Name.

19/04/2021

High court Judge George V. Odunga issues conservatory Orders barring KRA from collecting Minimum tax from companies until the matter is heard and determined. This is what he had to say
"In the result I grant conservatory orders restraining the 2nd Respondent
whether acting jointly or severally by itself, its servants, agents,
representatives or howsoever otherwise from the implementation, further implementation, administration, application and/or enforcement of Section 12D of the Income Tax Act, Chapter 470 of the Laws of Kenya as amended by the Tax Laws (Amendment) (No.2) Act, 2020 by collecting and/or demanding payment of the Minimum Tax pending the hearing and determination of this Petition".
It is so ordered.
Judgement read, signed and delivered virtually at Machakos 19th
day of April, 2021
G V ODUNGA
JUDGE
Delivered the presence of:
Mr Okwach for the Petitioners
Miss Akama for Mr Mwendwa for the 1st Respondent
Miss Almadi with Mr Nyagah and Mr Ochieng for the 2nd Respondent
Miss Omuom for the 3rd Respondent
CA Geoffrey

04/12/2020

We continue to help our clients to maintain proper books of Accounts. If your business cannot maintain a full time Accountant, don't worry. We are here to help you. Reach out to us for ALL your book keeping matters and tax consultancy.+254 736 072 324

22/02/2020

Good morning friends. The financial year 2019 just ended and you are worried about how you will undertake your annual return. You have been busy looking for business and have no time to organize your accounts. We are here to help you.
You have received an email from KRA on VAT inconsistencies and you do not know how to handle it, Give us a call today and let us help you clear your TAX issues. You are applying for a tender but you do not have Audited accounts, get in touch with us on 0713 561 320.whatsapp 0736 072 324.JMC-East Africa, adding value to your Business.

12/12/2019

The year is coming to a close and you have been very busy, and you have had no time to keep proper books. You are probably worried about annual returns for 2019.Worry not, reach out to us. We will tailor our services to suit you. We will help you prepare your books and advice you on tax matters. Reach us at JMC in East Africa. We specialize in Book keeping, Audit and Tax Advisory. 0713 561 320

04/11/2019

Are you looking for highly skilled tax practitioners who will assist you in planning for your tax, and taking advantage of the exemptions in the income tax Act? Are you tired of tax penalties as a result of late tax filing and wrong calculations? look no further, as JMC East Africa will assist you in sorting out these issues. Call us today and receive high-quality services in Taxation, Audit and Internal Audit services.-0713 561 320

04/11/2019

4/INCOME SUBJECT TO TAX
Section 3(2) of the ITA stipulates that income tax is chargeable on gains or profits from a business for whatever period of time it is undertaken.
Section 4(a) of the ITA takes care of those businesses which are carried out in Kenya and in another country where it states that such income will be deemed to have been derived from Kenya.

04/11/2019

Good evening friends,
3/We are picking up from where we left last week on taxation. Taxation is one of the main sources of income for the Government and thus, it is very important for the Nation.
Basis of Taxation
Sec 3(1) of the ITA states that all incomes of a person whether resident or non-resident which is accrued in or derived from Kenya is subject to income tax. Resident and non-resident apply to both individuals and corporate bodies. Call us today for further guidance on who is a resident and non-resident-0713 561 320

30/10/2019

2/ From 1974, the income tax has been amended by the Finance Acts as well as by subsidiary legislation communicated through legal notices.

30/10/2019

1/ The income tax Act (ITA) CAP 470 was enacted in 1973 and came into effect on 1st January 1974. Before its enactment, there was the East Africa Income tax Management Act, which was for the three East Africa countries, Kenya, Uganda, and Tanzania.

29/10/2019

Due to demand from our clients, we will start off by giving out highlights on matters Tax to our clients and to the general public. Our Highlights will be drawn from the Income Tax Act (ITA) unless otherwise stated.