We work closely with our clients, from sole proprietorships to Limited companies, to help them meet the full scope of their tax compliance obligations. This includes ensuring that all the appropriate deadlines are met and that the maximum amount of tax relief is claimed in accordance with tax legislation.

We ensure that all relevant documentation and information is provided in a timely manner to the taxing authority i.e., the Kenya Revenue Authority, to minimize exposure to tax enquiries.

Tax for Individuals

The taxation of individuals in Kenya is inherently complex, with greater responsibility imposed on individuals to understand their own tax compliance obligations.

Ideasandvisions Solutions is dedicated to assisting individuals with both tax reporting and advising on tax reliefs and other opportunities, which include:

  • All areas of self-assessment
  • PAYE matters and status reviews
  • Tax rules for self-employed
  • Residency matters and double taxation treaties
  • Capital gains tax and applicable reliefs from it, and
  • Inheritance tax reporting and estate planning
  • Partnership Taxation

Partners in a firm are taxed on their share of profits from the partnership, with each partner effectively taxed as if he or she were self-employed in a business of their own, with profits equal to his or her share of profits from the firm. Instead of tax being deducted from each partner’s earnings at source, the partner should be prepared to receive a tax bill after filing a partnership tax return.

We will therefore provide as much advance information as possible about the likely amount and timing of tax payments due as part of our comprehensive advisory service.

Tax for Companies

Corporate tax self-assessment requires companies to compute their tax liability as part of their Income tax obligation and account for the same to the Kenya Revenue Authority. An automatic penalty of Kshs 20,000 will be imposed if the company files its annual return more than 6 months after the end of its financial accounting period. In absence of a tax return, the authority may determine the tax due to the best of its belief and information available to it. This determination may be disputed only by filing a complete return along with a self-assessment supported by clear and convincing evidence.

We will provide you with as much advance information as possible regarding the amount and timing of tax payments due as part of our comprehensive compliance and advisory services.

Tax for Companies

Corporate tax self-assessment requires companies to compute their tax liability as part of their Income tax obligation and account for the same to the Kenya Revenue Authority. An automatic penalty of Kshs 20,000 will be imposed if the company files its annual return more than 6 months after the end of its financial accounting period. In absence of a tax return, the authority may determine the tax due to the best of its belief and information available to it. This determination may be disputed only by filing a complete return along with a self-assessment supported by clear and convincing evidence.

We will provide you with as much advance information as possible regarding the amount and timing of tax payments due as part of our comprehensive compliance and advisory services.

VAT and Custom Duty

VAT and Custom Duty are obligations that typically comprise a significant part of most business’s cash flow operations. With VAT legislation becoming increasingly more restrictive and KRA becoming increasingly aggressive in its approach towards business tax compliance, it is now more important than ever to ensure that your VAT accounts are in order and that you have been able to maximize VAT savings available to you and minimize your VAT cost.

VAT is a complicated tax and the constant changes to the VAT Act requires substantial and comprehensive know-how in order to avert the significant penalties that may arise in failure thereof. VAT is also a transaction -based tax, and thus queries usually demand an expedited response.

We have extensive experience in all matters VAT, including planning, investigations and general compliance.