Contact

WATCH | Tax proposals outlined in the recently unveiled Finance Bill 2024

Back to top

WATCH | Tax proposals outlined in the recently unveiled Finance Bill 2024

On 16 May 2024, CDH Kenya hosted a breakfast forum for a diverse group of industry leaders from sectors including banking and finance, private equity, logistics, betting, and education.

6 Jun 2024 01:04:53 Minutes Webinar

On 16 May 2024, CDH Kenya hosted a breakfast forum for a diverse group of industry leaders from sectors including banking and finance, private equity, logistics, betting, and education. The event focused on critical tax proposals outlined in the recently unveiled Finance Bill 2024.

A shared concern emerged among participants: Kenya's economic resilience and attractiveness are threatened by frequent, poorly timed, and inadequately designed tax amendments. Specific anxieties were voiced regarding the Bill's proposed hikes in financial service taxes and the introduction of a new motor vehicle tax.

The information and material published on this website is provided for general purposes only and does not constitute legal advice. We make every effort to ensure that the content is updated regularly and to offer the most current and accurate information. Please consult one of our lawyers on any specific legal problem or matter. We accept no responsibility for any loss or damage, whether direct or consequential, which may arise from reliance on the information contained in these pages. Please refer to our full terms and conditions. Copyright © 2024 Cliffe Dekker Hofmeyr. All rights reserved. For permission to reproduce an article or publication, please contact us cliffedekkerhofmeyr@cdhlegal.com.

You might also be interested in

14 Aug 2024

by Lucinde Rhoodie, Muwanwa Ramanyimi and Evangelia Goulas

Creditors vs practitioners: When business rescue turns into a battle royale

Over the last few years, business rescue has become a popular tool for businesses to use to get some breathing room from their creditors in instances where the business is financially distressed. Two main role players in the business rescue process are creditors and the business rescue practitioner. Creditors, based on their voting interest, have the right to vote for or against a business rescue plan. The practitioner has an obligation to act in the best interest of all stakeholders, including creditors and the company in business rescue. The case of Reiscor Two (Pty) Ltd ta Bootleggers v Anheuser-Busch Inbev Africa (Pty) Ltd and Others dealt with an instance where the creditors voted against the business rescue plan (plan) and the business rescue practitioner (practitioner) was of the view that the vote was inappropriate in thecircumstances.   

Corporate Debt, Turnaround & Restructuring

3 min read

15 Oct 2024

Latest report explores ways to improve the effectiveness of remedies for socio-economic rights violations

15 October 2024, Johannesburg - Today, the report titled “Effective Remedies in Socio-economic Rights Litigation” was released. The report provides insights from a collaborative workshop organised by SECTION27, Cliffe Dekker Hofmeyr, and Professor Sandra Liebenberg, H.F. Oppenheimer Chair in Human Rights Law at the Faculty of Law, University of Stellenbosch.

Pro Bono & Human Rights

4 min read

22 Nov 2024

by Jacquie Cassette and Elgene Roos

Justice and Public Interest on the Mic - Episode 3 - Vital pathways to citizenship under the South African Citizenship Act 88 of 1995

Since 2011, CDH's Pro Bono & Human Rights practice (Pro Bono practice) has been at the heart of our firm's commitment to making a real difference. Over the past decade, our Pro Bono practice has passionately championed the cause of public interest, providing pro bono legal support to clients in need.

Pro Bono & Human Rights

45:51 Minutes

5 Dec 2023

Employee vs Independent Contractor vs TES

The test for determining who is an employee and who is an independent contractor differs with reference to persons who earns above or below the threshold in terms of s6(3) of the Basic Conditions of Employment Act 75 of 1997 (BCEA). An independent contractor, unlike TES employees, is not an employee either of the client or the TES. Independent contractors render services for a fee, whereas a TES provides labour to a client for reward. Ultimately the test is always substance over form and the nature of the agreement is not definitive.

Employment Law

1 min read

21 Feb 2024

by Keanen Naidoo and Howmera Parak

Amending the connected persons definition in relation to partnerships

The “ connected person ” definition contained in section 1 of the ITA is one of the most important sections that impacts income tax since various tax provisions, anti-avoidance sections in particular, are triggered if parties are connected persons. The definition encompasses various categories of persons including individuals, companies, trusts and partnerships. Arguably the “connected person” definition in relation to partnerships is one of the more controversial sub-definitions given its broad ambit.

2 min read

8 May 2024

by Lucinde Rhoodie and Dipuo Titipana

The ball is in our courts: How section 20(9) of the Companies Act empowers courts to unmask corporate identity

One of the cornerstones of South Africa’s corporate law is the separate legal existence of companies, which provides, generally, protection to its directors and shareholders against personal liability for a company’s debts and also makes a distinction between companies forming part of the same group of companies. However, sometimes, through the unlawful actions of shareholders and directors, it is necessary for our courts to look behind the separate legal entity companies in a group and treat such group companies as one legal entity.

Corporate Debt, Turnaround & Restructuring

5 min read

This website uses cookies to enhance the browsing experience. For more information, please see our Cookie Policy.

Accept Decline