09/22/2020
This will raise the budget deficit, largely bridged through borrowing, to 8.4 per cent from 7.5 per cent he had budgeted in June, according to the draft 2020 Budget Review and Outlook Paper.
09/20/2020
Mr Anaba urged the government to embark on progressive reforms that tax large incomes, assets, and wealth more, introduce a digital services tax, and end bilateral tax treaties, which do not enure to the country’s benefit.
09/15/2020
“We are confident that additional taxes shall be recovered from these suppliers.”
09/15/2020
The audit tabled in Parliament last Tuesday indicates that the Judiciary spent Sh1.6 billion on “uncertified completion of works.”
09/11/2020
Previously, these expatriates where able to fully exempt their foreign income earnings from taxation, provided they met the requirements.
09/09/2020
The financial and economic crisis we are witnessing presently comes with major challenges in tax administration.
09/08/2020
The amount of money remitted through the amnesty was Sh118 billion and the amnesty had no tax consequences.
09/04/2020
Is the country keeping abreast of reforms as it grapples with the economic fallout of the pandemic?
09/03/2020
The taxman has hinged its aggressive action on the Tax Procedures Act, gives KRA powers to freeze tax cheats’ property transactions and ultimately auction the assets to recover the unpaid tax.
09/03/2020
There is some evidence that developing countries are harder hit by multinationals’ ability to shift profits” and have less capacity to enforce tax rules.
09/01/2020
In a bid to improve compliance, the KRA has offered waivers on tax dues accumulated for up to five years.
09/01/2020
Finance minister Tito Mboweni has said that Treasury is discussing the possibility of an inheritance tax and a so-called solidarity tax in a bid to raise additional finances.
08/25/2020
According to the former president, the deal is shady and his government will not respect it.
08/25/2020
Different types of cryptocurrencies can be exchanged for one another and passed through a series of wallets and public key addresses to attempt to confuse the trading activities and to evade taxes.”
08/25/2020
Finance Minister Tito Mboweni noted in the emergency budget announced in June, that he expected debt to GDP to exceed 100% by 2024 and reach 114% by 2028.
08/18/2020
“The tribunal agrees with the appellant’s (Co-Op Bank) submission that the Finance Act 2012 was riddled with a lot of ambiguity,” the tribunal said its ruling.
08/05/2020
Simply put, you have seven months to execute a well-planned withdrawal strategy or you will be legislatively prohibited from withdrawing your retirement for at least a very uncertain three years.
08/04/2020
As a result, funding the recovery requires innovative measures to redirect domestic savings.
07/28/2020
The NERI Report goes on to say that a wealth tax would play a strong complementary role to the extent that wealth transfer taxes
07/20/2020
Measures to bolster aggregate demand through higher public spending incentives for businesses were however derailed by the COVID-19 fallout.