12/11/2023
The judges said the government had failed to explain the imposition of the levy or a legal framework to anchor the tax, contrary to the constitutional requirement that the enactment of laws must be supported with a rational explanation.
12/05/2023
The same amount is then credited to the law firm’s iTax account which can be claimed when they are paying their taxes.
11/27/2023
The Unga Millers and Nutreco deal led to the formation of a new venture company called Tunga Nutrition (Uganda) Limited into which Unga Millers transferred its assets in exchange for a 50 percent stake.
11/27/2023
The issue of tax residency is key, and South Africans fall into two categories: resident and non-resident.
11/23/2023
This concerns not only the flagging of returns but also how SARS assesses these fillings.
11/17/2023
The tax revenue that is lost from zero-rated food items mostly flows to higher income households because this category
11/17/2023
The slowdown in the Pay as You Earn (Paye), came despite an 11.38 percent growth to Sh110.47 billion
11/16/2023
The government has highlighted aggressive revenue mobilisation including the deployment of technology by the taxman as actions set to enhance domestic tax collection.
11/14/2023
The tax incentive allows ordinary South Africans, who are safeguarding threatened ecosystems or species, to deduct all expenses related to their conservation efforts from taxable income.
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.