This essential course, “Highlights of the Finance Act, 2023,” provides a comprehensive and timely overview of the significant tax reforms introduced in Kenya. Designed for individuals, businesses, tax practitioners, and financial professionals, this course meticulously dissects the key amendments across income tax, Value Added Tax (VAT), and tax procedures. Participants will gain a deep understanding of the new PAYE rates, the standardization of mileage allowances, and the crucial tax implications for post-retirement medical funds. The curriculum also delves into the introduction of the National Housing Development Levy and its impact on both employers and employees, alongside changes affecting turnover tax and monthly rental income. Crucially, the course explores the enhanced compliance measures, including the mandatory eTIMS integration for non-allowable deductions and the new Data Management Reporting System (DMRS). By equipping learners with the most up-to-date knowledge on these legislative changes, this course empowers stakeholders to ensure compliance, optimize tax planning, and navigate the evolving tax landscape with confidence.

Key Topics.

• Introduction to the Finance Act, 2023
• Income Tax Changes
• Value Added Tax (VAT) Amendments
• Record Keeping (Global permission)
• Tax Procedures Amendments