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THE STANDARD
By
James Wanzala |
March 15th 2021 at 13:51:56 GMT +0300
KRA Head Office in Nairobi (PHOTO: FILE)
NAIROBI, KENYA: PwC Tax experts have appealed to Kenya businesses to acquaint themselves with recently introduced tax initiatives by the government to avoid costly penalties due to non-compliance.
They said this during a virtual webcast on Thursday called, Demystifying Minimum Tax Provisions, which discussed the practical aspects of the minimum tax provisions and how they would impact businesses.
According to Edna Gitachu, Senior Manager and Tax Policy Specialist at PwC, at first glance, minimum tax may seem easy to implement.
“However, an in-depth analysis of the legal provisions reveals some intricacies and potential adverse business impacts. Some of the grey areas that taxpayers are currently grappling with include the ability to utilise existing tax incentives, historical tax losses and tax credits. The commencement date for entit ....

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