LEGAL ALERT-Vol. I,2023
IMPACT OF TRIPLING OF CAPITAL GAINS TAX ON PROPERTY SALES IN KENYA EFFECTIVE JANUARY 1 2023The Finance Act of 2022 amended the Income Tax Act, increasing the rate of capital gains tax, or CGT, from 5percent (%) to 15 percent (%), effective from January 1, 2023.CGT is a tax imposed on the transfer of property...
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COSTLY MISTAKES TO AVOID WHEN PURCHASING PROPERTY IN KENYA
1: Money > Don’t send money directly to the Seller or their Advocate unless your Qualified Advocate advises > Don’t pay the whole amount at once. Deposits are to be at least 10%> Don’t pay in hard cash!. 2: Not having your Lawyer >DON’T engage in any property transaction without appointing your own Qualified Advocate...
Read More3 BILLS WERE REJECTED!
President Uhuru Kenyatta REJECTED the Information Communication Technology Practitioners Bill (ICT), 2020Section of Kenyans called on Cabinet Secretary Joe Mucheru to advise President Kenyatta against signing theBill, adding that it would undermine players in the sector. The highly contentious Bill sought to have all localICT practitioners licensed and registered by a council.Also rejected is The...
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President Uhuru Kenyatta signs into law the Military Veterans Bill, 2022 (Military Veterans Act, 2022) on 15thJune 2022
In an era where the world is facing a global mental health crisis, a great number of the retired servicemen havebeen reported to have suffered physical and mental trauma (post-traumatic stress disorder (PTSD) etc.) linkedto the tough conditions they face in the course of duty attracting concerns over lack of a comprehensive legalframework catering for...
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President Uhuru Kenyatta signs into law the Military Veterans Bill, 2022 (Military Veterans Act, 2022) on 15th June 2022
In an era where the world is facing a global mental health crisis, a great number of the retired servicemen have been reported to have suffered physical and mental trauma (post-traumatic stress disorder (PTSD) etc.) linked to the tough conditions they face in the course of duty attracting concerns over lack of a comprehensive legal...
Read MoreSalient features of the amendments to the Employment (Amendment) Act 2022
The Employment (Amendment) Act 2022 was assented into law on April 4, 2022, by His Excellency the President of Kenya. The below changes came into effect on April 22, 2022. Employers will no longer require job applicants to produce Clearance and Compliance such as certificates of good conduct, Eacc Clearance, HELB Clearance etc., at the...
Read MorePresident Kenyatta Announces 12% Minimum Wage Increase for Kenyan Workers
President Uhuru Kenyatta announced a minimum wage increase of 12 percent with effect from 1st May 2022, to cushion workers against further erosion of their purchasing power. Noting that for over three years there has been no review of the minimum wages while the cost of living has increased with inflation ranging between 5 to...
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