Dear Valued Clients, As we celebrate Mashujaa Day, we honour the heroes who have shaped Kenya’s legacy and future. Their bravery and dedication continue to inspire us to pursue excellence in all that we do. At B M Musau and Company, Advocates LLP, we remain committed to providing top-tier legal services, driven by the same…
Legislative Process and Legal Provisions Introduction and First Reading: The Finance Bill is first introduced in the National Assembly, marking the beginning of its legislative journey. During the First Reading, the bill’s title is read, and copies are distributed to Members of Parliament (MPs). There is no debate at this stage. Second Reading: The bill…
Kenya’s Finance Bill 2024 marks a pivotal moment in the country’s tax policy, introducing significant changes aimed at modernizing the tax system and addressing the challenges posed by the digital economy. Two key proposals stand out: the replacement of the Digital Service Tax (DST) with the Significant Economic Presence (SEP) Tax, and the introduction of…
The 2024/25 Budget and Finance Bill, 2024 bring forth a slew of pivotal changes aimed at rejuvenating Kenya’s economic landscape. Understanding these changes is crucial for businesses to navigate the fiscal environment effectively and seize emerging opportunities. Here’s a comprehensive breakdown to help you stay ahead of the curve. Overview of Kenya’s 2024/25 Budget…
The Kenya Finance Bill, 2024 introduces several pivotal changes to the taxation landscape, aimed at enhancing revenue collection and addressing various economic challenges. Below is a comprehensive analysis of the key tax measures proposed in the bill, their respective effective dates, and their implications. Income Tax Changes Significant Economic Presence Tax (SEPT): Effective Date: January…
On 13th June 2924, the Cabinet Secretary for Finance tabled the Kenya Budget for the financial year 2024/2025 in the National Assembly. This budget focuses on economic recovery, sustainable development, and social welfare enhancements. Below are the key highlights and main taxation changes as contained in the Finance Bill, 2024. Economic Overview Growth Projections:…
In a recent turn of events, the Alcoholic Beverages Association of Kenya (ABAK) has raised significant concerns over the proposed deletion of the provision that allows manufacturers to claim a refund on input tax. This article delves into the implications of such a legislative change, examining its potential impact on the alcoholic beverages sector, the…
Through Legal Notice No.77, 2024, the Cabinet Secretary for Lands, Public Works, Housing and Urban Development made the Land Registration (General) (Amendment) Regulations, 2024 (“the Regulations”) whose effect was to majorly amend by increasing the government fees charged for services delivered in the Kenya land registries. In Gazette Notice No.15243, 2023, the Cabinet Secretary stated…
Surrogacy is an arrangement where a woman (“the surrogate”) carriers and gives birth to a child for another person (“the intended parent”). It is a practice where a woman agrees to conceive and carry a pregnancy for another person with the understanding and intention of handing over the child upon birth. Modern-day surrogacy consists of…
Kenya has recently enacted the Digital Health Act, 2023, representing a significant advancement in the digital transformation of healthcare services in the country. This legislative framework aims to establish a comprehensive digital health infrastructure, enhance data governance, and promote innovation in healthcare delivery. The Act, cited as No. 15 of 2023 was assented to on…