Category: Business echos

Any business expenditure not supported by an eTIMS generated tax invoice shall not be deductible for tax purposes with effect from 1st January, 2024.

The Cabinet Secretary for Interior has published new intended charges, fees and levies for Immigration services to take effect on January 1, 2024. The State Department for Immigration and Citizen Services has been directed to conduct and to complete public participation as soon as possible, but in any case, not later than December 10, 2023.

President William Ruto has signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023 into law. This new law is a welcome development as it should ensure greater transparency and accountability among legal entities in the country.

The President of the Republic of Uganda assented to the Tax Procedures Code (Amendment) Bill on August 17, 2023.

Here is a Pubic Notice from KRA concerning the Affordable Housing Levy (AHL)

The Bank of Tanzania wishes to remind the general public that, in August 2007 and December 2017, the Government issued public notice prohibiting domestic payments for goods and services using foreign currencies between residents of the United Republic of Tanzania

IMPORTANT TAX UPDATE

President William Ruto has announced plans to remove visa requirements for African nationals travelling to Kenya for business as a first major step to remove barriers to intra-Africa trade.

The NSSF Act (Amendment) 2022, requires mandatory registration of all employers to register regardless of size and number of employees.