TaxTMI 
TaxTMI 
Definitions
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.... (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Associate", in relation to a person, shall include another person: (i) who, directly or indirectly, by himself or in combination with other persons, exercises control over the first person; (ii) who holds control of at least twenty per cent. of the total voting rights....
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....s a person on whose behalf the person engaged in the transaction or activity, is acting; (e) "Compliance Officer" means any senior officer, designated so and reporting to the board of directors who is capable of understanding the financial statements and the requirements for legal and regulatory compliances under these regulations and all applicable legal and regulatory requirements for t....
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....rstanding (Appendix A signatories) or a signatory to bilateral Memorandum of Understanding with the Authority, and which is not identified in the public statement of Financial Action Task Force as: i. a jurisdiction having a strategic Anti-Money Laundering or Combating the Financing of Terrorism deficiencies to which counter measures apply; or ii. a jurisdiction that has not made....
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....y (KRA)" means an entity which has been granted certificate of registration under these regulations; (l) "Net Worth" means the aggregate value of the paid-up share capital and all reserves created out of the profits, securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and mis....