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30/07/2026

JUST AS HE IS

«"I will confess and praise You, for You are fearful and wonderful and for the awful wonder of my birth! Wonderful are Your works, and that my inner self knows right well."
— Psalm 139:14 (AMP Classic)»

David begins by praising God, not himself.

He declares, "You are fearful and wonderful." The Hebrew reveals even greater depth.

The word "fearful" comes from the Hebrew יָרֵא (yārēʾ), meaning awesome, worthy of reverence, inspiring holy awe.

The word "wonderful" is פָּלָא (pālāʾ), meaning marvelous, extraordinary, miraculous, beyond human comprehension.

David then makes a profound connection: "Wonderful are Your works." If the Creator is awesome and wonderful, then His workmanship must also bear the marks of His excellence.

That is why many translations render this verse:

«"I am fearfully and wonderfully made."»

You are not an accident. You are not a mistake. You are the marvelous workmanship of an awesome God.

This truth echoes in the New Testament:

«"Because as He is, so are we in this world."
— 1 John 4:17 (AMP Classic)»

We do not become God, but through Christ we bear His life, reflect His character, and reveal His glory. As we behold Him, we are transformed into His image.

Just as He is—awesome, wonderful, purposeful, and glorious—His workmanship reflects His nature.

May your soul know this truth right well: You are fearfully and wonderfully made because you were formed by a fearful and wonderful God.

22/07/2026

FINANCE ACT 2026 EXPLAINED
Issue No. 010

Income Received by Trustees – Simpler Taxation, Less Double Tax
The Finance Act, 2026 has introduced an important change to how trust income is taxed in Kenya.

Previously, taxation of trusts could become complicated because income earned through a trust risked being taxed both when received by the trustee and again when distributed to beneficiaries.

The new law simplifies this process.

What has changed?
Where income is received by a:
Trustee
Executor
Administrator of an estate
that income is now treated as their taxable income in that capacity.

Once tax has been properly accounted for by the trustee, executor or administrator, the beneficiaries will generally not be taxed again on the same income.

The Act also confirms that qualifying dividends and qualifying interest included in the trust income are not subject to further tax.

Why is this important?
This amendment:
✅ Reduces double taxation
✅ Makes administration of trusts easier
✅ Gives certainty to families managing estates
✅ Encourages more people to use trust structures for succession planning and wealth preservation

Practical Example
The Katheu Family Trust owns rental apartments in Nairobi.
During 2027, the trust earns:
Rental income – KSh 3,000,000
Dividend income – KSh 200,000
The trustee files the trust tax return and pays any tax due.
Later, the trustee distributes KSh 1,000,000 to each beneficiary.

Under the new law:
✔ The trustee accounts for the tax.
✔ The beneficiaries receive their distributions without being taxed again on the same income (subject to the provisions of the Act).
This removes unnecessary double taxation and makes estate administration much more efficient.

In Simple Terms
Think of the trustee as a financial manager acting on behalf of the beneficiaries.
Instead of everyone paying tax separately on the same income, the trustee settles the tax first, allowing beneficiaries to receive distributions without another layer of tax on that same income.

Kiswahili
Sheria Mpya ya Kodi kwa Trust
Sheria ya Fedha ya mwaka 2026 imeleta mabadiliko katika utozaji kodi kwa mapato yanayopokelewa kupitia Trust.
Iwapo mdhamini (Trustee), msimamizi wa mirathi (Executor) au msimamizi wa mali (Administrator) atapokea mapato kwa niaba ya Trust, mapato hayo yatatozwa kodi katika ngazi hiyo.
Baada ya kodi kulipwa ipasavyo, walengwa wa Trust hawatatozwa kodi tena kwa mapato hayo hayo.

Mfano
Trust ya familia imekusanya mapato ya kodi ya nyumba.
Mdhamini analipa kodi kwa mujibu wa sheria.
Baadaye anawagawia wanufaika fedha hizo.

➡️ Wanufaika hawatalipa tena kodi kwa mapato yale yale kwa sababu tayari kodi imelipwa kupitia Trust.
Hii inapunguza utozaji kodi mara mbili na kurahisisha usimamizi wa mali za familia.

Tax Home Kenya Insight
Trusts are becoming an increasingly valuable tool for:
Estate and succession planning
Protecting family wealth
Managing property for minors
Supporting persons with disabilities
Long-term investment planning
The Finance Act 2026 provides greater certainty on how these arrangements will be taxed, making trusts a more attractive option for Kenyan families and businesses.

Tax Home Kenya – Simplifying Your Tax Journey
📞 +254 725 416 982
📧 [email protected]
🌐 taxhomekenya.github.com

Tax Home Kenya


10/07/2026

Finance Act 2026 - Issue 003

10/07/2026

📘 FINANCE ACT 2026 EXPLAINED | ISSUE NO. 003

🏠 Property & Digital Payments: Two Important Clarifications You Should Know

The Finance Act, 2026 introduces two important changes aimed at making Kenya's tax laws clearer and easier to apply.

1️⃣ A Clearer Definition of Immovable Property

The Act clarifies that owning land OR holding mining or petroleum rights is enough for something to qualify as immovable property for tax purposes.

Previously, the wording created room for different interpretations. This amendment removes that uncertainty and is expected to reduce disputes when applying tax laws such as Capital Gains Tax.

What this means for you: If your business deals with land, property, mining, or petroleum rights, this change provides greater certainty on how these assets are treated under the law.

2️⃣ Changes Affecting Digital Card Payments

The Act also expands the definition of Management or Professional Fees to include certain fees paid for using international card payment networks such as Visa and Mastercard.

As a result, some payments made by Kenyan businesses, banks, or payment service providers to foreign payment networks may now be subject to Withholding Tax.

What this means for you: This change is mainly relevant to banks, payment service providers, fintech companies, and businesses that process electronic card payments. It does not introduce a tax on people simply using their debit or credit cards.

💡 Tax Home Kenya Insight

Not every amendment in the Finance Act introduces a new tax. Some simply clarify existing laws, making them easier to interpret and helping reduce future disputes between taxpayers and the Kenya Revenue Authority (KRA).

📞 Need help understanding how the Finance Act, 2026 affects your business?

TAX HOME KENYA LIMITED
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