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How COVID-19 will affect big ticket projects

How COVID-19 will affect big ticket projects

Kenyans have been in a state of panic since the outbreak of the novel coronavirus. From a projects perspective, contractors have been a particularly worried lot, seeing as the pandemic has affected supply chains and their ability to meet their contractual obligations.

COVID-19 and its impact on loans and real estate arrangements in Kenya

COVID-19 and its impact on loans and real estate arrangements in Kenya

In the wake of the spread of the COVID-19 global pandemic, the real estate and loan markets in Kenya are bound to be affected. On 16 March 2020, H.E. Uhuru Kenyatta, the President of Kenya revealed that three (and now 25) patients had tested positive for the virus culminating in presidential directives towards preventing its spread to the rest of the population

Why Pandemic Bill spells injustice to Kenyan employers

As the world matches on into the uncharted territory created by the COVID-19 pandemic, the dreaded monster continues to receive sporadic reactions from all the three arms of the Kenyan Government. While the executive, through the Presidency and Ministry of Health, keeps spewing out one administrative directive after another to control the fast spread of the deadly virus, Parliament has been busy crafting ad hoc legislation to give legal effect to those directives.

The Tax Laws Amendment Act, 2020

The President of Kenya, through a public address on 25th March 2020 announced several income tax and Value Added Tax (VAT) interventions that are aimed at cushioning Kenyans from the crippling effects of the COVID-19 pandemic.

Kenya: Is COVID-19 an excuse for non-payment of loans?

The outbreak of COVID-19 has undeniably affected both borrowers and lenders negatively, with the exception of a few players such as those in medical supplies, basic food stuffs and certain technology, e-commerce and entertainment providers.

The Tax Laws Amendment Bill, 2020

The income tax measures are contained in the Tax Laws Amendment Bill, 2020. We have prepared a tax alert highlighting the proposed tax amendments and providing insights on the implications of the proposals.