KRA Tax Appeal 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 […]
What to Do When You Receive a KRA Demand Notice
What to Do When You Receive a KRA Tax Demand Letter. When you receive a tax demand letter from KRA, the obvious reaction is panic, followed by anxiety and stress. But I paid my taxes religiously. I filed my returns as expected. What happens now? Will they forcefully recover their debt? Will they freeze my […]
Independent Review of Objections (IRO) Services in Kenya
Before the Independent Review of Objections (IRO) was created, taxpayers had to face KRA directly during tax disputes. This created concerns about the fairness and efficiency of resolving KRA tax disputes internally, through the Tax Dispute Resolution Commissioner. While the IRO was initially rolled out to handle customs-related tax disputes, it now resolves domestic tax […]
KRA Tax Audit Representation in Kenya
KRA Tax Audit Representation in Kenya : Paying taxes is beneficial to both the government and the taxpayer. Taxes are the backbone of any economy, serving economic, fiscal, social, and legal purposes that benefit both parties. Both the government and the taxpayer need to play their part to ensure taxes are paid correctly and on […]
