Our Tax Services division provides our clients with advisory and compliance services enabling them to meet their tax, corporate and employee obligations in a cost effective way.
Corporate, Individual and Employee Tax
The Kenyan tax system features corporate and personal income tax, value added tax on goods and services, customs and excise duties, and stamp duty. There are also a number of statutory levies and social security payments. Taxes are collected by self-assessment and by withholding tax on payments to residents and non-residents. Employers are obliged to withhold and account for income tax on employee remuneration and benefits (the PAYE system). Penalties and interest on non-compliance and late payment of taxes are onerous, and the Kenya Revenue Authority conducts regular audits and investigations of taxpayers.
PricewaterhouseCoopers Limited offers a range of services to assist taxpayers with tax planning, compliance, revenue negotiations and appeals. Our staff with accountancy, legal, or revenue training and experience, specialise in corporate and withholding tax, employee tax and social security, individual and indirect tax.
Key to our approach is understanding our clients’ businesses. With our pre-eminent client base of multi-national and major national companies, our staff have the opportunity to develop expertise in industries such as banking and insurance, energy and mining, telecommunications, manufacturing and retail, tourism, horticulture and agriculture.
Together with our network of offices across Africa, we offer international tax advice, as well as advice on the structuring of commercial operations both regionally and internationally.
As with any tax regime, the amount of tax payable can vary considerably depending on how the business is structured, and on the manner in which transactions are undertaken.
We are advisors on:
In addition to the above, our team:
Through the relationship that we have built with stakeholders over the years, we are given an opportunity to contribute to tax policy and tax administration. Our views are respected and taken into account when changes are made to legislation.