TAXATION OF NON-CASH EMPLOYMENT BENEFITS
Generally, employers are known to incentivize their employees by either giving out cash or non-cash benefits. A non-cash benefit may range from employees purchasing shares at a discounted price through an Employee Share Ownership Plan (ESOP); A rent-free house, a vehicle for private use or an Employer (being an educational
TERMINATION OF EMPLOYEES ON PROBATIONARY CONTRACT UNDER THE EMPLOYMENT ACT, 2007
The High Court recently handed down a judgment in Petition No. 94 of 2016 - Monica Munira Kibuchi v Mount Kenya University declaring section 42 (1) of the Employment Act, 2007 unconstitutional. The above section applies to termination of employees under probationary contracts. In reaching this decision, the Court juxtaposed the
Will the Global Minimum Tax be a good or bad thing for Africa?
The G7 leaders are proposing the adoption of a global minimum tax rate of 15%. This can be viewed as a “global race” to combat tax avoidance and obliteration of tax havens, with the essence to prevent multinationals from shifting profits to jurisdictions with lower tax rates. This is a thing