02/08/2023
The real damage being done by emigration comes through “soft impacts” – for example, reputationally, the damage can be quite significant for the country; people are losing confidence in the system.
02/08/2023
Sars commissioners says tax collection will come in lower this fiscal year amid worsening load-shedding and rising cost of living
02/02/2023
The VAT Act defines an exported service as one that is used and consumed outside Kenya.
01/31/2023
With that in mind, Absa now forecasts a primary budget deficit in FY22/23 of 4.6% of the GDP
01/26/2023
The State Department of Infrastructure has disclosed that Kenya National Highways Authority (KeNHA) and Kenya Rural Roads Authority (KeRRA) have been slapped with Sh9.69 billion by the courts largely for contravening the terms of road contracts.
01/25/2023
According to Tax Consulting SA, Edward Kieswetter, the commissioner of SARS, said that the tax authority is striving to balance the trade-off between taxpayer service and risk management.
01/24/2023
KRA will implement among others, the following measures: reduction of Value Added Tax (VAT) gap from 38.9 percent to 19.8 percent of the potential by fully rolling out electronic Tax Invoice Management System (eTIMS),” reads the BPS released last we
01/19/2023
The second provisional tax submission and payment is still due on or before the last business day of February 2023.
01/16/2023
South Africa has a progressive tax system with one of the highest rates in the upper-income tax brackets (45%).
01/13/2023
SARS encourages taxpayers to use the revenue collector’s eFiling or the SARS MobiApp, which is a convenient and safe online method to transact with the revenue service.
01/12/2023
Speaking on the first day of a public hearing on the Financial Year 2023/24 budget, Dr Kiptoo said that KRA had made these improvements on tax administration for optimal collection.
01/12/2023
The worst-performing tax head was the income tax, which recorded a shortfall of Sh30.4 billion, pointing to a tough environment where earnings by companies and workers were depressed
01/09/2023
The telco says it will pursue government tax waivers before proceeding with the plan to create a new group structure that will see M-Pesa and telecommunications business run as separate entities.
01/06/2023
The Ministry of Water and Sanitation was one of the beneficiaries of an additional budget allocation on the highway.
01/04/2023
Current tax regime is stifling investment and economic growth, says CPPE director
01/04/2023
Banks and telcos have been displaying the new lower charges
12/30/2022
Focus will be on implementing reforms, enhancing efficiency in public sector
12/29/2022
Businesses and individuals that disclose and pay the pending tax liability within the second year of the programme will receive remission of 50 percent while payments that come in the third year will have 25 percent relief.
12/28/2022
The five percent CGT was reintroduced in 2014 and the government hopes that the latest move will result in higher tax revenues to help in financing the Sh3.3 trillion budget.
12/21/2022
Arts, entertainment, recreation supply activities post highest growth rate