09/30/2020
The KRA document also shows that Platinum Distillers Ltd had Sh479 million in undeclared volumes of stamp usage for ethanol with Two Cousins Distillers Ltd in trouble for the unaccountable stamps and unreported production worth Sh366 million.
09/29/2020
Kenya's latest Economic Survey data shows that Uganda still remains Nairobi's leading export destination within the EAC and in Africa
09/29/2020
Nearly half of the total annual figure of $88.6bn is accounted for by the export of commodities such as gold, diamonds and platinum, the report found.
09/25/2020
Given the length and severity of the lockdown – one of the harshest globally – it should perhaps be no surprise that the country’s GDP contracted 51% in the second quarter of 2020 based on annualised quarter on quarter numbers.
09/25/2020
The pair has sued the National Treasury, the Kenya Revenue Authority and the Office of the Attorney General arguing flaws in the procedures leading up to the DTAs.
09/25/2020
Digital marketplace providers and digital service providers will be subject to DST in Kenya if they provide or facilitate the provision of services to a user that is located within the borders of Kenya.
09/24/2020
In countries with low- or no tax, firms must have staff, premises, expenses and activities aligned with the company’s nature.
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.