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Tax Planning and Compliance
We offer tailored tax solutions to meet the unique needs of our clients, ensuring they benefit from the most tax-efficient strategies and remain compliant with all regulatory requirements.
Our Expertise
1. Tax Planning and Compliance
Taxsort provides strategic tax planning services to optimize clients' tax positions within the framework of Kenyan tax laws. We handle the preparation and filing of various tax returns, including corporate tax, personal income tax, VAT, and excise duty tax, ensuring full compliance with the tax laws.
2. Capital Allowances Optimization
Taxsort identifies assets eligible for various capital allowances under Kenyan tax law to maximize deductions for clients.
3. Business Structuring
Taxsort advises on tax-efficient business structures, considering Kenya's corporate tax rates and available incentives for various sectors
4. Mergers and Acquisitions Tax Due Diligence
Taxsort conducts thorough tax history examinations for companies involved in M&A activities in the Kenyan market.
5. Specialized Industry Tax Services
Taxsort offers sector-specific tax advice, particularly for key Kenyan industries such as construction, transportation, manufacturing, and technology.
6. Tax Technology Implementation
Taxsort assists with implementing tax technology solutions compatible with KRA. We are experts in using the Tax Invoice Management Systems (TIMS), the electronic Tax Invoice Management System (eTIMS), and the iTax platform.
7. Public Benefit Organisation Tax Compliance
Taxsort advises PBOs and charitable organizations on maintaining tax-exempt status and complying with relevant regulations.
8. Tax Technology Implementation
Taxsort assists with implementing tax technology solutions compatible with KRA. Moreso the new Electronic Tax Invoice Management System (eTIMS)
Ready to get started? Contact us today for a consultation
frequently asked questions
Tax planning involves strategically organizing your finances to minimize tax liability. It includes timing income and expenses, taking advantage of deductions and credits, and structuring transactions in a tax-efficient manner while complying with tax laws.
Tax planning is crucial because it helps individuals and businesses reduce their tax burden, optimize financial resources, and ensure compliance with tax laws. It allows for proactive management of taxes rather than reacting after transactions occur.
Common tax compliance issues include underreporting income, failing to file tax returns, errors in tax calculations, and improper deductions or credits claimed. Ensuring accurate record-keeping and understanding tax laws can help avoid these issues.
Hiring a tax professional can be beneficial, especially if your tax situation is complex or you’re unsure about tax laws. TaxSort professionals can provide guidance, maximize deductions, ensure compliance, and represent you in dealings with tax authorities if needed.
Tax deductions reduce taxable income by allowing taxpayers to subtract eligible expenses from their income. Tax credits, on the other hand, directly reduce the amount of tax owed. Both deductions and credits can significantly lower a taxpayer’s overall tax liability.
