Due Dates

PAYE: 9TH EVERY MONTH | NHIF: 9TH EVERY MONTH | NSSF: 15TH EVERY MONTH | VAT: 20TH EVERY MONTH | INDIVIDUAL ANNUAL INCOME TAX RETURNS: 30TH JUNE EVERY YEAR | CORPORATE ANNUAL RETURNS: END OF SIXTH MONTH AFTER END OF FINANCIAL YEAR | HOUSING LEVY: 9TH EVERY MONTH

February 6, 2024

The Crucial Role of Transfer Pricing: Navigating Tax Implications for Company Profit and Growth

In the global business landscape, where companies often operate across borders, the significance of transfer pricing cannot be overstated. This practice, involving the pricing of goods, services, or intellectual property exchanged between related entities within a corporate structure, plays a pivotal role in determining a company’s tax liabilities and optimizing overall profitability and growth. Understanding …

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Tax Implications of Remote Work: A Comprehensive Guide for Employers

In the dynamic landscape of contemporary work environments, the surge in remote work has prompted a reevaluation of tax implications for employers. Understanding the tax landscape associated with remote work is crucial to ensure compliance, maximize benefits, and effectively manage a remote workforce. Navigating the Remote Work Tax Landscape: An Overview 1. Tax Residency and …

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Understanding Fringe Benefit Tax

In the realm of payroll management, employers often navigate complex tax implications associated with providing interest-free or low-interest loans to employees, company directors, and their relatives. This article sheds light on the Fringe Benefit Tax (FBT), a crucial aspect that demands attention for maintaining compliance and ensuring accurate payroll processing. Understanding Fringe Benefit Tax (FBT): …

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