11/13/2023
IMF tax measures hand President Ruto 19.4pc revenue increase in October
The year-on-year growth in tax inflows for the month was nearly twice the 10.55 percent rise to Sh514.26 billion in receipts for three months through September.
11/13/2023
The year-on-year growth in tax inflows for the month was nearly twice the 10.55 percent rise to Sh514.26 billion in receipts for three months through September.
11/08/2023
“Audit findings revealed that the ministry had not developed sufficient measures to monitor artisanal mining operations,” Ms Gathungu said.
11/01/2023
The banking sector regulator said Bitcoin is a form of un-regulated digital currency that is not issued or guaranteed by any government or central bank.
11/01/2023
The law initially required that tax on excisable goods and services be paid on the 20th of the following month, except for goods from abroad whose taxes are remitted at the time of importation.
10/31/2023
It underscores the advantages of governments adopting digital payroll systems to collect income tax and other obligatory deductions accurately.
10/27/2023
The message told these representatives to submit their returns within 10 days and then threatened them with legal action should they not comply.
10/23/2023
Among the tax measures are a reduction in the Value Added Tax (VAT) rate from 17 per cent to 16 per cent
10/20/2023
This came when corporate managers battled flagging sales in a high-inflation environment, which squeezed earnings and hit purchasing power.
10/20/2023
The plan had triggered muffled apprehensions that the decision could cause an increase in tax rates or introduction of new ones.
10/18/2023
The KRA said it will be seeking information from Safaricom on merchants who have opted out of the M-Pesa Buy Goods and Pochi La Biashara tills in a bid to catch tax cheats.
10/17/2023
The receipts represent a 10.55 percent growth over nearly Sh465.20 billion in a similar period a year earlier when taxes increased 11.60 percent.
10/12/2023
South African motorists are now paying almost R26 per litre to fill up their cars following an increase on Wednesday, 4 October, with the cost of diesel and petrol climbing between R1.08 and R1.97 per litre.
10/12/2023
The taxman says it had been receiving large amounts of data from its partners to analyse and unearth tax evasion but has been overwhelmed, leading to delays in processing the data, which results in revenue loss.
10/11/2023
The official revealed that the lobby has unsuccessfully engaged the Kenya Revenue Authority (KRA) on the issue, as well as about effecting tax cuts for the industry.
10/11/2023
Despite the increased risk outlook, major banks maintained resilient balance sheets with capital and liquidity well above regulatory requirements.
10/10/2023
These circumstances must be entirely out of their control and are generally incredibly rare.
10/05/2023
That eroded consumer purchasing power further, with nearly a third of surveyed firms reporting lower sales compared with August that pushed them to reduce production.
09/27/2023
Currently, only retirees above 65 years access their pension without paying taxes.
09/26/2023
The ratio of gross non-performing loans remained elevated at 14.5 percent at the end of June having eased slightly from 14.9 percent.
09/22/2023
The new Finance Act also categorised medium size organisations