03/15/2024
Revenue Improvement through Taxation
This tax revenue deficiency stems from limited coverage of indirect taxes, poor tax compliance, extensive tax exemptions, and low tax rates.
03/15/2024
This tax revenue deficiency stems from limited coverage of indirect taxes, poor tax compliance, extensive tax exemptions, and low tax rates.
03/08/2024
The KRA enforced the 15 percent CGT rate from January 2023 deductions
03/05/2024
Dr Kiptoo said budget execution for the financial year 2023/24 has been hampered by challenges in raising resources.
02/27/2024
National Treasury simply does not have a crystal ball and will not now decide that for three years there is no inflation adjustment to tax brackets.
02/26/2024
According to the 2024 Budget Policy Statement, the State aims to boost revenue collection to over 20 percent of the GDP in the next fiscal year.
02/26/2024
Duty remission refers to a rebate of duties paid on imported inputs
02/22/2024
One of the biggest problems highlighted by economists is the country’s growing debt bill.
02/16/2024
The Managing Partner of Mazaars, Uhabia Ojike, who was represented by Simon Kato, said low tax compliance reduced the government’s ability to raise revenue for developmental purposes.
02/13/2024
These initiatives and the under-resourced sectors of education, healthcare and social services need considerable funding.
02/09/2024
The department collected GH¢82.295 billion in 2023 as compared to GH¢53.444 billion collected in 2022 representing a total revenue percentage of 73 to the National coffers.
02/07/2024
The EVC acknowledged the challenges associated with the quality of services from Mobile Network Operators and Internet Services Providers
02/06/2024
With this in mind, the minister warned of tax hikes and a decrease in government spending in the upcoming 2024/25 financial year.
01/29/2024
This was a departure from the previous monthly remittance which had to be made by the 20th of every month.
01/26/2024
In the latest edition of the Critical Skills list, Accountancy, specifically auditing and financial analysis, is in high demand in South Africa.
01/24/2024
The finance minister has already conceded that the 2024 budget will be a challenging one
01/18/2024
Consumers in South Africa are in a tight space now for personal income tax.
01/16/2024
On July 1, 2022, the common external tariff (CET) on imported spirits charged by all the East African Community member states was increased from 25 to 35 percent.
01/12/2024
US-based tower firm American Tower Corporation (ATC) also reported tax savings against the backdrop of a public backlash locally over mounting taxes and levies.
01/05/2024
Some tax exemptions were on importations of raw materials
12/27/2023
The introduction of 1.5 percent housing levy paid by salaried employees, and which is matched by employers, the doubling of value added tax (VAT) on petroleum products to 16 per cent