Common Reasons Why Businesses Lose at the KRA Tax Appeals Tribunal
No business proceeds to the Tax Appeals Tribunal thinking they will lose a case. Why waste time and resources anyway? While a significant number of taxpayers win, the TAT records over the years paint an alarming picture; several Kenyan businesses walk away with the very tax assessment they were trying to fight, plus additional costs. […]
How to File a Case at the KRA Tax Appeals Tribunal
Have you examined your tax dispute with KRA and decided to escalate the matter to the Tax Appeal Tribunal (TAT)? Filing a case at the TAT is one of the best paths to resolve differences with KRA, especially if the disagreement is a question of misinterpretation of Kenyan tax laws. Following the step-by-step process of […]
Timeline and Costs of KRA Tax Appeals in Kenya
Before you decide to appeal a tax dispute to the Tax Appeals Tribunal, you need to think it through. Is it worth it, or are you better off negotiating with KRA to reach a mutual settlement? A KRA tax appeal is a financial and strategic decision as much as it is a legal decision. Therefore, […]
KRA Tax Appeals Tribunal vs ADR
So you’ve had a tax dispute with KRA, and it has escalated beyond the Independent Review of Objections. For most taxpayers, this is a stressful juncture because the next step may cost you time, money, and even your business reputation. We’ve learned through experience that there is no one-size-fits-all way to determine which dispute resolution […]
How Tax Advisory Services Can Save Your Business Money
Does hiring tax advisory services save or cost my business money? This is the main question that most small and medium-sized enterprises (SMEs) owners ask when they think about working with a tax consultant. It’s no secret that hiring a tax advisor presents an upfront deductible expense for your business. That said, the return on […]
The Role of Tax Advisory in Preventing KRA Disputes
KRA disputes disrupt business operations and hurt a taxpayer in unimaginable ways. It begins with panic over sudden tax assessments, then escalates into a full audit and a formal dispute over tax differences. Normal business operations are affected, cash flow is strained, and in some cases, penalties and interests accumulate. So much hurt from something […]
Why Every Business in Kenya Needs a Tax Advisory Partner
When starting a business, you are thinking about all the ways you’ll serve your clientele, make some profits, and create a positive change in society. Rarely will you ever think about spending your day doing taxes, sorting disputes with the Kenya Revenue Authority (KRA), or going to court over tax differences. Yet, this happens. Taxes […]
How to Protect Your Business After a KRA Audit
Post-Audit Actions – How to Protect Your Business After a KRA Audit. The KRA tax audit process is stressful and nerve-wracking for businesses. It’s intrusive, time-consuming, and rigorous for all parties. That’s why most business owners breathe a sigh of relief when KRA completes an audit. But it’s not the end, is it? You still […]
KRA Tax Audit Checklist for SMEs in Kenya
The KRA Tax Audit Checklist for SMEs in Kenya. Small and medium enterprises (SMEs) are usually on KRA’s radar more than large corporations for several reasons. Firstly, SMEs lack the resources to have an in-house accounting and tax department to put their financial and tax affairs in order. Secondly, SMEs in Kenya are frequently in […]
Preparing for a KRA Tax Audit – What Every Business Owner Should Know
Let’s debunk a widespread myth-KRA Tax Audit are random. No, KRA tax audits are not random. You read that right. In contrast to common belief, KRA audits are anything but random. They are triggered by identifiable patterns, discrepancies, data inconsistencies, and solid risk factors. These patterns and risk factors accumulate over time- that’s why KRA […]
