07/17/2023
The KRA pointed to a slower rate of economic activity in the period along with runaway inflation for the slowdown in collections that saw the taxman missing out on its tax revenue target estimated at Sh2.263 trillion.
07/11/2023
This enhancement aims to keep you informed, so there is no need for you to phone the SARS Contact Centre or go to a SARS Branch office,” said SARS.
07/11/2023
Though Tanzania has the cheapest fuel in the region, the ratio of taxes as a percentage of the pump price ties with Kenya at 40 percent.
07/06/2023
The regulations operationalised the collection of the VAT.
07/06/2023
The minister noted that the perks can be taxable, but it depends on the circumstances.
07/03/2023
“The Tinubu administration needs to promptly deploy measures to mitigate the current headwinds inflicted by the current reforms.”
06/28/2023
Tax season can be an incredibly stressful time for individuals and businesses, with taxpayers who fail to submit their returns on time facing penalties.
06/23/2023
The legislators are also pushing through, with the backing of President William Ruto’s administration, two Bills that will ensure they retain the Sh44 billion National Government Constituencies Development Fund (NG-CDF).
06/21/2023
To back their claim, the moderators have presented to the KRA payslips and P-9 forms that suggest that the PAYE deducted from their salaries differs from the figures reflected on the tax forms
06/20/2023
The same sentiment was directed towards healthcare workers, and he proposed that Godongwana consider an exemption from pay-as-you-earn tax (PAYE) for all healthcare workers up to a certain level.
06/19/2023
But the Kenya Kwanza administration has put the effective dates of most taxes next month, as it eyes money to fund the Sh3.68 trillion budget.
06/16/2023
The increase comes as taxes paid by manufacturers to the Federal Government rose by 60 per cent to N839.6 in 2022 from N524bn recorded in the prior year.
06/15/2023
It is also seeking to introduce a 16 percent value-added tax (VAT) on petroleum products from the current 8.0 percent.
06/15/2023
The bill still has to make its way through the National Council of Provinces before being sent to the president to be signed into law.
06/14/2023
The bill proposes a myriad of tax increments and new levies in efforts to increase revenue
06/14/2023
Tax Consulting SA provided some examples of these misconceptions, and the reality of the situation.
06/14/2023
According to the Federal Government, this revenue source will help it meet and ensure the sustainability of its obligations to multilateral organisations.
06/14/2023
The taxman’s initial demand had been disputed by the bank and an appeal lodged at the Tax Tribunal through the services of a tax consultant.
06/12/2023
“On a year-on-year basis, Net Taxes on Products grew in real terms by 10.30 per cent in Q3 of 2022, and 11.18 per cent in Q4 of 2022 compared to 6.22 per cent and 67.99 per cent in Q3, and Q4 of 2021.”
06/08/2023
The report, which is produced twice a year, assesses recent economic and social developments and prospects in the country.