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Chaka Bee (Bora)
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Chaka Bee (Bora)
@ChakaBora
God📆|| Wakili⚖️ (Sports & Creatives, Real Estate, Tax, etc) || Spoken Word🎙|| Chess♟️ || @Bandariofficial ⚓⚽ || @Arsenal🌶️ || -My middle name is BORA!!
Mombasa, Kenya Katılım Ağustos 2019
3K Takip Edilen1.6K Takipçiler
Chaka Bee (Bora) retweetledi

Contract law lecturers fell hearing this😭
stressed@onlystresstoday
You cannot teach consideration
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Chaka Bee (Bora) retweetledi

Finance Bill 2026 is here. Major shifts across various tax heads. Some of the proposed changes:
Tax Filing Deadline: The tax return filing deadline is proposed to be shortened from the last day of the 6th month to the last day of the 4th month following the end of the person's year of income. The new filing date will be 30th April for individuals and companies with December year-end.
Mitumba Traders: Worn clothing importers will pay income tax on 5% of customs value as deemed profit, payable before goods are released upon importation.
CGT: Any sale of shares, by a non-resident person, that derive value from Kenya or cause a change in control of a Kenyan company, proposed to be subject to tax. This will catch all offshore sale of shares by a non-resident person where the shares have a connection to a Kenyan company.
Taxation of Trust Income: Income received by a trustee, executor or administrator is proposed to be deemed income of that trustee. Where a trustee has paid tax on the chargeable income of the trust, beneficiaries shall not be liable to pay further tax on that income. This will simply taxation of trusts.
VAT Exemptions: Mobile phones, electric motorcycles, e-bicycles, solar batteries, electric buses & BEV stoves are proposed to be exempt from VAT. Previously claimed input VAT required to be reversed for unsold exempt stock.
Virtual Assets: Virtual asset service providers must file annual user information returns. Kenya may also enter cross-border data exchange agreements on crypto transactions. Kenya is moving to fully regulate & tax crypto.
Tax Amnesty is back: Proposed tax amnesty on penalties and interest for liabilities up to 31 Dec 2025 where payment of principal amount is made by 31 Dec 2026.
VAT Record-Keeping & Refund Period: The VAT record-keeping and refund period is proposed to be extended from 2 years to 3 years.
EAC Goods Not Treated as Imports: Goods originating from an EAC Partner State that meet EAC Rules of Origin not to be considered an import for excise duty purposes.
Interchange Fees: Interchange fees and merchant service fees arising from card transactions are now expressly included in the definition of "management or professional fee", making them subject to withholding tax. This has been subject to litigation, where KRA lost. This is therefore an attempt to bring the fees within the scope of management fees.
Watch out for detailed alert.
END
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Kaya Tiwi To The World:
Madina Okot joins Atlanta dream in the WNBA
Camp with the new team starts on Sunday
#CitizenExplainer
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When I train young lawyers...I tell them the rule to dress smart has NO EXCEPTION...and Judges take JUDICIAL NOTICE of attire! @omwanza @ProfOjiendaTom @LawSocietyofKe1


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The “however” will hit like crack.
Tamale@256Rootyherman
*when the Judge starts to speak as if he is on your side Lawyer. Stupid client
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