Tax Advisory
Tax Advisory
Tax is a dynamic area in East Africa. The changes that the Government has implemented in tax policies have far-reaching implications on business every year and as a result, there is a need for a dynamic team to keep abreast of them. The firm is focused on finding opportunities and leveraging them to clients’ best advantage in the form of significant tax savings. Our tailored tax planning advice enables clients to gain a competitive advantage.
We are committed to delivering competent, effective, and satisfactory services whatever the nature of each client’s circumstances. We believe that consistent client satisfaction is the only basis for our growth and success.
TAX ADVISORY
Our tax services include:
Tax health checks
Given the complex and dynamic nature of tax, we provide tax health check services. These reviews are designed to assess the organization’s level of compliance with all tax laws, assist the organization to quantify any tax exposures that arise from the review and assist you to identify the risk areas that exist in your tax processes.
Tax compliance
Taxpayers are required to file tax returns on a periodic basis – Corporate Income Tax returns, employee tax returns, withholding tax returns or Value Added Tax returns. We provide to you some peace of mind by computing entries to the returns, preparing the returns, and eventually filing them with the authorities on a timely basis.
Focused tax research
We assist our clients in undertaking specific tax related research designed to form the basis of engagement with regulators and the treasury on tax policies. Our research output is used to inform pricing decisions, market position, investment decisions and engagement with government and non-government agencies
Tax review assistance & tax litigation support
Tax reviews are time-consuming. We step in to assist you in handling the review from the initial to the final stages. We review revenue authority findings, advise on the legitimacy of demands, assist in raising objections, and generally represent your interests with the Tax Authority. We can represent you in Revenue Authority meetings/discussions and assist in resolving any arising issues. We also assist in tax litigation support by representing clients in alternative dispute resolution process, the Tax Appeals Tribunal and even the High Court. We have represented clients and appealed against tribunal rulings in the High Court of Kenya and succeeded in client representation.
Transfer Pricing Services
Businesses now find that their tax decisions are under close scrutiny, compared to years gone by. Information sharing on various technological platforms has enhanced the efficiency of tax authorities in the assessment of personal and corporate taxes, thereby increasing the potential for unforeseen tax liabilities. International businesses and conglomerates make numerous attempts to increase efficiencies in operations, so as to maximize profits, and Revenue Authorities worldwide target such corporations in relation to related-party transactions.
We assist in:
- 1. Drafting TP policies aligned to the Income Tax Act and the OECD guidelines
- 2. Assist in putting the proper documentation in place
- 3. Reviewing and updating of TP policy documents
- 4. Managing controversies with the authorities
- 5. Tax planning ahead of such transactions
Tax strategy, structuring and planning
Our tax planning services include advising on any changes in tax laws and regulations and providing tax planning ideas in respect of the changes where applicable. We review new business activities and significant transactions and advise on the most tax efficient structure.
