Event report
Webinar with TripleOKLaw LLP
Tax Controversy and Dispute Resolution
Today we hosted an insightful webinar on Tax Controversy and Dispute Resolution in Kenya in collaboration with our Selective Provider TripleOKLaw LLP. The session, led by Kivindyo Munyao, Associate - Dispute Resolution at TripleOKLaw LLP, gave us a deep dive into Kenya’s evolving tax landscape.
Highlights:
- Factors Influencing Tax Changes: Mr. Kivindyo Munyao highlighted the impact of court decisions, new amendments, and international tax agreements like the EU-Kenya Economic Partnership Agreement, which contribute to the unpredictability of the tax regime.
- Ordinary Tax Procedures: The webinar covered critical stages from pre-assessment to post-objection, emphasizing the importance of detailed assessments and timely objections within 30 days.
- Special Tax Dispute Procedures: The session also explored tools like Private Rulings, Tax Insurance, and Advance Pricing Agreements, essential for managing tax risks.
Key Takeaways:
1. Know Your Legal Basis: Understanding the type of law you rely on helps in approaching the correct forum and setting the appropriate reliefs.
2. Timelines Matter: Timely actions are crucial in tax disputes. Missing deadlines can be costly.
3. Proper Documentation: Having detailed documentation is vital for compliance and effective dispute resolution.
4. Engage Qualified Advisors: Tax matters are not time-barred under the Limitations of Actions Act, making the role of qualified tax advisors indispensable.
This webinar provided valuable insights for organizations and individuals seeking to better navigate Kenya's complex tax environment.
We extend our sincere thanks to all who attended and contributed to this valuable discussion!
