Despite a 39.8% dip in net profit for the first half of 2026, BOC Kenya is increasing its interim dividend by 60% to Sh4 per share, continuing a trend of rising payouts.

• The dividend distribution of Sh78.1 million represents 77.8% of the half-year net profit of Sh100.37 million.
• BOC Kenya, an industrial and medical gas manufacturer, saw its revenue drop by 17.1% to Sh600 million due to the absence of one-off customer engineering projects.
• Distribution, selling, and administrative expenses rose by 17%, impacted by inflation and higher fuel costs.

A Tax Appeal Tribunal has ruled that the Kenya Revenue Authority (KRA) cannot solely rely on third-party information to deny a taxpayer's legitimate claim for input Value Added Tax (VAT).

• The tribunal stated that KRA must corroborate third-party data with other evidence before disallowing a claim.
• This decision arose from a dispute between events organiser Chairmania Events Limited and KRA over a Sh15.75 million VAT assessment.
• Chairmania Events Limited had provided tax invoices, ETR receipts, and proof of payment, which KRA disallowed based on identifying the supplier as a "missing trader."