Tax consulting

We offer expert tax advisory services focused on the specific requirements of our clients. Our extensive understanding and expertise of tax legislation benefits our clients.

We will guide you through complicated tax laws, maximize your tax plans, and reduce your tax obligations, whether you are an individual, small business, or huge organization.

Our tax health checkups are intended to provide you with comfort and practical advice to strengthen your tax situation. We thoroughly examine your current tax status in order to spot possible risk areas, optimization opportunities, and compliance problems. These Include;

• Tax Compliance Review: To verify accuracy and adherence to pertinent rules and regulations, we review prior tax returns.
• Risk Assessment: We search your tax history for warning signs that can result in penalties.
• Optimization Opportunities: We search your tax history for warning signs that can result in penalties.
• Future Tax Planning: Based on our results, we suggest future tax planning procedures and offer customized advice to assist you in taking concrete actions that will improve your tax situation.

Global market economic integration is growing today through international commerce, investments, information technology, and outsourcing of production, which has connected the economies of several nations. Due to exaggerated transfer pricing, globalization is frequently held responsible for the loss of wealth from industrialized nations while also contributing to the transfer of income to less developed nations.

According to Base Erosion and Profit Shifting (BEPS) action plans created by “the Organization for Economic Cooperation Development,” multinational corporations must now comply with country-by-country reporting, maintain a local file and a master file, update their transfer pricing policies every three years or whenever there is a material change in their operating model, and have transfer pricing documentation and an up-to-date contemporaneous transfer pricing policy to support all of their cross-border transactions.

At MACLIFF;

• We work with our clients to create concurrently defensible transfer pricing rules, record the policies and results, and help them put the transfer pricing into practice.
• We also help the client answer any questions they may have about the transfer price rules and deposit it with KRA.

We at MACLIFF are aware that the most complicated taxes are indirect ones, such as VAT, excise, and customs duty. It can be difficult to fulfil these responsibilities, and if done poorly, it can quickly lead to significant tax problems. Compliance can be raised by making plans and getting timely advice. In addition to preventing fines and interest from noncompliance, good indirect tax administration can increase working capital and cash flow.

Our tax staff is current and has extensive experience with indirect tax concerns that spans all industries. We have helped several clients plan, manage, and easily fulfil their indirect tax obligations.

Kenya, like many other nations that heavily rely on taxes to fund their budgets are under tremendous pressure to increase their income collection. Revenue authorities have raised the number of taxpayer audit evaluations and issued more assessments to taxpayers they believe have underpaid taxes in an effort to meet their revenue commitments and collect more money.

Our Tax Dispute Resolution experts at MACLIFF can help you;

• To manage KRA audits.
• To prepare appropriate responses to queries raised by KRA.
• To prepare objections against assessments, and prepare Tax Appeals Tribunal documents.
• To represent clients at the Tax Appeals Tribunal, and lead resolution of tax disputes.

Businesses are more interested than ever in reducing expenses and boosting productivity in order to boost profitability. One of the costs that businesses must pay is taxes; if they don’t, they risk tax assessments, fines, and interest. In order to prevent paying more taxes than a business should, this necessitates carefully managing tax obligations. Tax planning is vital for businesses to prevent needless tax expenditures.

The following are relevant questions that we at MaCliff ask:

• Do you pay more taxes than you should?
• What is the rate at which you pay taxes?
• Does your business run as efficiently as possible in terms of taxes?

In order to realize substantial tax savings, enhance cash flow, boost working capital, and lower the risk of tax non-compliance, our skilled tax team will assist you to incorporate tax planning into your business operations. An essential component of a company’s strategic business decisions must be tax planning.

If expanding your market base or diversifying your product line is one of your business strategies. You can accomplish this by establishing a new business unit in untapped markets by either buying out an ongoing company or merging with one.

The possibility of inheriting substantial unreported liabilities and/or ghost assets is a drawback for this expansion strategy. Your company’s assets or financial position may suffer as a result, and you may find yourself in a worse position than you were before the acquisition, merger, or buyout.

A financial, tax, and legal due diligence team makes up MACLIFF Transaction Services division. This team helps businesses plan and carry out mergers, acquisitions, and buyouts.

We use a thorough risk-based review process that covers both the buyers’ and sellers’ and allows us to identify any possible risk exposures.

In addition to “tax” laws, businesses are subject to additional laws and rules that specify how certain operations and procedures must be performed.

Our legal staff at MACLIFF will offer you guidance on;

1. Legal form
2. Incorporation Registration
3. Reorganization and Winding
4. Secretarial services
5. Regulatory compliance review
6. Contract review and advice.

In order to realize substantial tax savings, enhance cash flow, boost working capital, and lower the risk of tax non-compliance, our skilled tax team will assist you to incorporate tax planning into your business operations. An essential component of a company’s strategic business decisions must be tax planning.

Any company’s tax and finance team need yearly refresher training to stay up to date with changes in the tax and regulatory landscape of their sector because the tax ecosystem is ever-changing. This is one method the company can improve its tax strategy and stay in compliance.

In order to provide clients with specialized tax training, MACLIFF qualified tax trainers are also connected to the Institute of Certified Public Accountants of Kenya (ICPAK).

We are adaptable and customize the training to our clients’ unique needs.