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Tax for Non-Profit organization; Kenya

How to register a Non-profit Organization in Kenya? Non-profit organizations (NPOs) in Kenya are mostly registered as Non-Government Organizations (NGOs). Other ways include registering as private company limited by guarantee, as societies or trusts. What taxes are NPOs /NGOs required to pay in Kenya? Note that how an NPO has been register affects its tax […]

Is rent from commercial buildings charged VAT?

Yes, VAT is chargeable on sale or letting of commercial land and buildings. In the Case of National Bank of Kenya Limited (NBK) vs Kenya Revenue Authority (KRA) (Income Tax Appeal Nos E155 & 533 of 2020), the High court ruled that commercial buildings and the land they are erected are subject to VAT.

Finance Act 2023, Tax Alert; Turnover Tax.

Turnover Tax (ToT) is payable by residents on gross sales of a business. Effective 1st July 2023, amendments made to the following effect: Implication; Before the this amendment, ToT was charged on monthly gross sales in the band Ksh. 1 million-Ksh. 50 million. Following the amendment, the new band in Ksh. 1millio-Ksh. 25 million. The […]

Finance Act, 2023; Amnesty on interests, penalties or fines on tax due.

The Finance Act, 2023 introduced a provision that will see the taxpayer enjoy 100% waiver of penalties, interests and fines on principal taxes fully paid before 31st December 2022. Where the taxpayer has settled the full principal tax before the 31st December 2022, the taxpayer will not be required to apply for the amnesty as […]

Finance Act,2023; Mutual Administrative Assistance in Tax Matters.

Effective 1st July, the Finance Act 2023 introduced provisions for administrative co-operation between parties (States) with Mutual Administrative Assistance agreement in tax matters. This provision provides the Commissioner authority to enforce assessment and collection of taxes under tax agreements that Kenya is a part. Some of the resulting implications include the following:

Finance Act, 2023; Tax Alert- Digital Content Monetization.

Finance Act 2023 introduced the definition of “digital content monetization” to include offering for payment entertainment, social, literal, artistic, educational or any other material electronically through any medium or channel in any of the following forms; Income from digital content monetization will be subject to a withholding tax at 5% and 20% for residents and […]

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Jackie.W. Murage

Associate- Corporate Services

As an Associate-Corporate Services, Jackline leads client relations, helping organizations develop strong corporate strategies. She brings relevant experience in the role of helping clients develop and implement corporate goals and objectives, formulate corporate strategies around their capital resources, achieve optimal strategic mix, and sustain a healthy risks-return balance.

Jackline holds a Bachelor’s Degree in Business Management; Finance and Banking from Maasai Mara University

Diana Kiarie

Manager- Accounts and Financial Reporting

Diana serves as the Manager of Accounts and Financial Reporting and holds a Bachelor’s degree in Commerce with a specialization in Accounting from Mount Kenya University. Additionally, she possesses a diploma in Business Management from the University of Nairobi. Currently pursuing CPA
Advanced Level, Diana has over five years of experience in finance, accounting, audit, and taxation for the firm, significantly enhancing strategic financial management activities.

CPA Gitau Nahashon

Senior Managing Partner

CPA Gitau Nahashon is an accomplished finance and accounting professional with over 21 years of experience in the fields of accounting, tax, audit, advisory, corporate governance, and business consultancy. Nahashon is the founding partner of GK Nahashon & Company, a rapidly growing medium-sized audit firm located in Rosslyn, Limuru Road.

He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK), Kenya Institute of Management (KIM), and the Institute of Internal Auditors Kenya Chapter (IIA). CPA Nahashon is a passionate accountant, financial analyst, tax litigant, and advisor as well as corporate finance advisor. All this emerges from his background of Bachelor of Commerce, Finance, and Accounting as well as his professional training as a Certified Public Accountant (CPA-K) coupled with his many years of hands-on experience. He is a licensed practicing auditor and consultant with the Institute of Certified Public Accountants of Kenya. He is an MS Excel enthusiast having trained several high-ranking finance professionals in financial modeling, forecasting, and reporting using sophisticated Excel functions and formulae.

CPA Nahashon is a certified QuickBooks pro advisor, a position he uses to offer support in QuickBooks online as well as advise clients on the usage of QuickBooks for their accounting, payroll, and inventory management. This certification increases the confidence that clients have in our expertise in automated accounting software.

CPA Nahashon is extremely zealous of compliance, he has worked for several employers and private clients shepherding them to remain compliant with the regulations, policies, and guidelines of various regulators. As a risk and compliance professional, CPA Nahashon has brokered many deals and structured compliance highways for many organizations.

CPA Nahashon has enjoyed a thriving career in the private sector where he served in various capacities within the manufacturing, real estate, educational, and banking sectors. His major accomplishments include overseeing effective system migration, automation of MIS, conducting gap analysis for new CBK guidelines, successful acquisition structure, corporate governance training, financial reporting, training advanced MS Excel, successful audit engagements, setting up a successful microfinance company, several successful funding proposals among others.

This professional accountant has held the hands of many start-ups until they are mature with huge turnovers. He has mid-wifed micro enterprises to become medium-sized entities some of them with balance sheet of over Kshs 1B. He has successfully transitioned chamas to birthing enterprises that are current industry and market leaders.

He has served in various boards of academies, schools, SME’s and serves in advisory board of a thriving business in the service industry. He is currently a board chairman in one of the SME’s he serves as an independent director. He is an astute leader with impeccable people leadership skills and serves the community in several leadership positions transforming lives and offering hope to the destitute.