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
12/20/2022
On a quarter-on-quarter basis, the arts, entertainment, and recreation activities recorded the highest growth rate with 93.33 per cent, followed by Agriculture, forestry, and fishing with 75.38 per cent.
12/12/2022
Kenya scored 7.6 on the distribution of tax burden and progressivity and scored fairly at 6.88 on tax administration.
12/12/2022
These have triggered peculiar issues that tax authorities around the world have had to grapple with.
12/06/2022
The taxman has for years delayed making tax refunds to businesses and individuals citing audit delays of the claims made and inadequate cash from the Treasury at the back of perennial revenue shortfalls.
11/30/2022
The training targets CEOs, board directors and heads of finance, ICT, risk and compliance and actuarial services.
11/25/2022
He said further that, “I think with more publicity and engagement with private stakeholders, a lot of some of these challenges that are bedevilling us with investing in port infrastructure can be fixed.