Widespread Consultancy Services Limited

11/03/2026

A sigh of relief to Taxpayers

13/08/2025

27/12/2023

Effective January 1st 2024, business expenditure not supported by a valid electronic tax invoice shall not be deductible for income tax purposes.

Contact us on 0735441036 for more insights on this.

26/12/2023

Finance Act 2023

Changes introduced by Finance Act 2023 that will be implemented effective 1st January 2024:

✓Taxation of Repatriated Income for Non-residents.
The Act Introduced the taxation of repatriated income for non-residents with a permanent establishment in Kenya at a rate of 15% and reduced their Corporate Income Tax (CIT) rate to 30% from 37.5%. Effective date 01/01/2024.

✓Interest on Mortgages
Individuals to claim mortgage interest expense to a maximum of Kshs 300,000 per year incurred on money borrowed from a co-operative society.Effective date: 1st January, 2024

✓Filing of Income Tax Returns
Any expenditure or loss shall be not deductible if the invoices of the transactions are not generated from electronic tax invoicing management (e-TIMS). Effective date: 1st January, 2024

✓Corporate Income Tax on Vaccines
Introduce CIT rate of 10% for companies undertaking the manufacture of human vaccines. Effective date: 1st January, 2024

✓Rental Income
Residential Rental income tax (MRI) rate reduced from 10% to 7.5%. Effective date: 1st January, 2024

✓WHT on Immovable Property
Withholding tax on payments for use of immovable property reduced from 10% to 7.5%.
Effective date: 1st January, 2024

Happy Holidays!

02/09/2023

https://www.kra.go.ke/popular-links/guidelines-on-tax-amnesty-2023-2024

The Finance Act 2023 introduced a tax amnesty for interest and penalties on tax debt by inserting Section 37E to the Tax Procedures Act, 2015. The amnesty is applicable to: