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Kenya Court Suspends VAT on Insurance Brokerage

The Kenyan High Court has on issued a ruling suspending value-added tax (VAT) on insurance agency and insurance brokerage services, pending the hearing and determination of a petition by the Association of Kenya Insurers (AKI). VAT was made effective by the Tax Laws (Amendment) Act 2020 on 25 April. In a …

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Nigeria Generates N66bn in 5 Months from Stamp Duties

The Federal Inland Revenue Service (FIRS) has generated the sum of N66 billion from stamp duties between January and May. The FIRS Director, Communications and Liaison Department, Abdullahi Ahmad, made this known in a statement in Abuja on Tuesday. Mr Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at …

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