Alert: Transfer of Registration of Trusts from Ministry of Lands, Public Works, Housing and Urban Development to Business Registration Service (BRS)

African descent gentleman reading a trust registration form while a lady is seated across him with a laptop open and pen in hands | Netsheria LLP Legal Alerts

The registration of trusts in Kenya is regulated by the Trustees (Perpetual Succession) Act. Recent amendments to this Act, introduced through the Statute Law (Miscellaneous Amendments) Act 2024 that was signed by President William Ruto on April 26, 2024, have brought about a significant change to improve the functionality and governance of trustee operations.

Affidavits in Kenya

The statue of lady justice next to a judge hammer with keywords affidavit | Affidavits in Kenya | Netsheria Legal Articles

An affidavit is a formal written statement of fact, declared to be true by the person making it.

Setting Up a Trust in Kenya

A family of three of African descent with their hands stretched out placed on each other with a six year old child seated at the middle | Netsheria legal articles on trusts and estate planning

Estate planning entails the process of disposal of one’s assets in a structured manner that goes beyond the determination of who will benefit from the property.

The Place Of Effective Management And Taxation Of Multinational Companies In Kenya

Closeup of colorful wooden pawns on interconnected circles on the map of the world | The Place Of Effective Management And Taxation Of Multinational Companies In Kenya | Netsheria Article

The Tax Appeals Tribunal (the ‘Tribunal’) in Tax Appeal No. 65 of 2023 involving M-KOPA LLC [C/o M-KOPA KENYA LTD] (the ‘Company’), has upheld the principle that a foreign company can be considered a tax resident under Kenyan income tax laws if the Kenya Revenue Authority (KRA) proves that management and control of the Company’s affairs occurred within Kenya during the relevant taxing period.