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Taxwise Africa Consulting LLP
Taxwise Africa Consulting LLP, commonly referred to as Taxwise is an independent tax advisory and consulting firm established in 2012 with the objective of providing high-end [https://acb.wa.gov/individual-licensing/experience/experience-definitions-tax-preparation-and-tax-advisory-service#:~:text=Tax%20advisory%20service%20includes%20analyzing,ranging%20from%20individuals%20to%20business. Tax Advisory] services. To date, Taxwise Africa has served various [https://www.investopedia.com/terms/m/multinationalcorporation.asp#:~:text=A%20multinational%20corporation%20(MNC)%20is,make%20a%20company%20a%20multinational. multinational entities] and has grown over time to be a renowned brand in the tax consultancy industry previously dominated by the big four; namely Ernst & Young, Deloitte, KPMG and PricewaterhouseCoopers.

The firm was founded by Martin Kisuu in Nairobi, Kenya in 2012 and registered as Limited Company and was later converted to a Limited Liability Partnership (LLP) in 2014, partnered by Martin Kisuu and Samuel Njoroge.

Taxwise provides consulting, tax, legal and financial advisory services across the world, with its main focus on East Africa and Africa as a whole.

Tax Advisory
Tax Advisory provides offerings in indirect taxes, corporate taxes, and international tax. Tax issues are a crucial component in any company’s operations. With tax regulations growing more complicated, and tax officials becoming more diligent in carrying out audits, failure to comply with tax regulations could lead to significant financial exposure and cost.

Litigation & Tax Disputes
Litigation and Tax Disputes provides assistance to taxpayers to efficiently manage and favorably resolve tax audits and disputes. It helps clients in every area of disputes from when the tax authorities’ notice of audit is issued, to managing the audit, lodging objections and representing the client at the Tax Tribunals, Alternative Dispute Resolutions, and the courts.

Transfer Pricing
Transfer Pricing provides offerings in cross-border and domestic transactions to ensure compliance and efficiency under transfer pricing and international tax.

Tax compliance & risk management
Tax compliance & Risk Management provides advisory services to clients on how they can organize their transactions so as to take full advantage of the tax opportunities available.

Professional Reviews
=== Kenya’s VAT Refund Scheme—Challenges, Developments and Outlook- Bloomberg === The current VAT refund scheme in Kenya provides for VAT refunds in three instances, namely refund of tax on bad debts, tax paid in error and excess credits as a result of zero-rated supplies, the latter being the most common reason for VAT refunds.

Recently, however, amendments have been made to the VAT law to include refunds that arise from credits as a result of tax withheld by appointed withholding VAT agents. This was a move by the Kenya Revenue Authority (KRA) to address challenges in cases where VAT was withheld in advance at the point of payment for the supply, but the taxpayer was in a refund position at the point of filing and accounting for VAT.

Treasury gives sanitary pads manufacturers shot in the arm
With the abolition of the levy assessed on the raw materials used in their manufacturing, the Treasury has handed makers of sanitary pads a boost. The tax had made local production of sanitary pads unfeasible. It was easier to manufacture outside the country in Egypt or other countries with incentives and ship the final product in Kenya and actually the EAC without incurring any import taxes.