+254 780 802 211
info@famanconsultants.com
Nkrumah Rd. Mombasa
Faman & Company Consultants Limited is a Kenyan advisory firm which specializes in providing sincere, effective and efficient business solutions to all types of business or clients.
Our Core strength lies in the combination of personal advice at a local level with the general expertise of an international and interdisciplinary network of professionals.
We can help to put your business on the path to growth, expansion, and higher profits
Taxes can be stressful and confusing, but our consultants make it easy to sort all your tax needs
Our experts are proficient in advising on financial reports, risk management initiatives and assurance concerns.
Our team is well-versed in selecting and implementing various financial planning solutions.
Our expertise manage payrolls to help you turn your fixed overhead costs into a variable cost structure.
Our team guide your business through the preparation and filing of tax declarations and maintaining accounts.
Our aim is to help you keep on top of the risks and opportunities arising from changes in the law,
Our expertise offer financial statements and expenses overviews that gives actionable insights to grow your business.
We bring a systematic approach to evaluate the effectiveness of risk management and governance processes.
We provide and install any type of business management system for client
Which tax laws came into effect on January 1? 1. Annual advance tax rate for vehicles One of the taxes effected on January 1 was the advance tax rate applicable to vans, pick- ups, trucks, prime movers, trailers, and lorries The tax saw an increase from the existing rate of KSh 1, 500 per tonne of load capacity…
Read MoreThe finance Act of 2022 amended the Income Tax Act [ITA], by increasing the rate of capital gains tax [CGT] from 5% to 15%. The tax took effect from 1st January 2023. The capital Gains Tax [CGT] is a tax that applies to the sale or transfer of property located in Kenya that was acquired on or after January 2015.
Read MoreForeign traders who benefit from local-based derivative contracts will be subject to a 15% withholding tax starting in 2023. This will be imposed on any profits made from these contracts . A derives is a financial instrument that derives its value from an underlying asset, such as a currency, commodity, or security.
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