The imposition of Withholding Tax on demurrage has been one of the main issues that has affected the revenue collection in the shipping industry. Prior to the conduct of tax audits by the Kenya Revenue Authority (KRA), most shipping agents did not withhold taxes on demurrage leading to the protracted court battles as to the interpretation and treatment of demurrage under the Income Tax Law.
23rd Apr 2025
14th Apr 2025
28th Jan 2025
08th Jan 2025