04/04/2024
The rise in debt service costs comes when the country is struggling to grow tax revenue, meaning a thinner spending on development that drives economic growth and also more borrowing to run government.
04/03/2024
Compliance revenue increased 26.7% to R294 billion, and R101 billion of impermissible refunds were prevented.
04/03/2024
Compliance drive set to continue in new tax year.
03/28/2024
Adedeji stated this on Wednesday, when the Chief Executive Officer of Guinness Nigeria Plc, Adebayo Alli, led the management team of the company on a visit to the Revenue House in Abuja.
03/26/2024
The revenue miss forecast by PBO will be an equivalent of 13.2 percent of the targeted Sh2.49 trillion for the financial year
03/25/2024
Why taxes must be factored in when evaluating returns, especially for high-income earners.
03/22/2024
The latest to raise concerns are members of the Kenya Medical Association (KMA) who earlier in the week decried what they termed forced disclosure of patients’ data.
03/19/2024
If the HNWI are unable to reconcile the discrepancies, it is advisable for them to volunteer to pay the extra taxes.
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.