Tax

Taxation is the major source of government revenue in Kenya. Over the past few years, the government through the Kenya Revenue Authority (KRA) – the body mandated to administer and collect taxes on behalf of the government – has stepped up efforts to widen the tax base. Kenya, like most African countries, operates a source- and partly residency-based taxation system....

Kenya has a broad taxation system covering income tax, value-added tax (VAT), and Customs and excise duty. These are governed by independent legislations that make provisions for the charge, assessment and collection of the respective taxes. Corporate governance is also at the core of businesses’ operations.

The advent of a single Customs territory in East Africa (EA) has heralded a new dawn for importers in the region, with assessment and collection of taxes taking place in the country of destination before the cargo is released from the first port of entry. This is a major milestone in the region’s bid to attain a Customs union. With an estimated combined population of...

The main forms of business organisation in Ghana are private and public limited liability companies, branches of foreign companies, partnerships, sole traders, companies limited by guarantee and unlimited liability companies.