12/22/2023
President Ruto plans to raid taxpayers for extra Sh362bn in 2024
Revenue performance will be underpinned by the ongoing reforms in tax policy and revenue administration measures geared towards expanding the tax base
Tax
12/15/2023
Single paybill lifts non-tax collection by Sh8.6bn
Increased collections of A-I-A helped compensate for the missed targets for tax collections as the economy continues on a rough patch characterised by a weak shilling and global shock.
12/13/2023
Kenya out of debt distress on painful taxes — President Ruto
Without expounding, he said that his government has had to cut expenditures and defer the implementation of critical development programmes to stabilize the economy.
12/13/2023
Improved VAT revenue in Q3 ‘23
The notable increase in revenue from VAT imports can be attributed to the CBN’s upward review of the exchange rate for duty and tariffs paid on items imported into the country.
12/12/2023
Tax tribunal acknowledges revenue reforms in Abia
Governor Otti said that his government’s strategy towards taxation is to administer it with a human face.
12/11/2023
State tables Bill in Parliament to salvage housing tax
The judges said the government had failed to explain the imposition of the levy or a legal framework to anchor the tax, contrary to the constitutional requirement that the enactment of laws must be supported with a rational explanation.
12/05/2023
Taxman escalates fight with lawyers
The same amount is then credited to the law firm’s iTax account which can be claimed when they are paying their taxes.
11/27/2023
Unga fights tax claim in Uganda joint venture
The Unga Millers and Nutreco deal led to the formation of a new venture company called Tunga Nutrition (Uganda) Limited into which Unga Millers transferred its assets in exchange for a 50 percent stake.
11/27/2023
Pension tax hit for South African emigrants
The issue of tax residency is key, and South Africans fall into two categories: resident and non-resident.
11/23/2023
Tax warning for South African expats
This concerns not only the flagging of returns but also how SARS assesses these fillings.
11/17/2023
Treasury says no to zero-rating VAT on more products – because ‘the rich’ will benefit
The tax revenue that is lost from zero-rated food items mostly flows to higher income households because this category
11/17/2023
Payroll taxes register biggest shortfall since Covid-19
The slowdown in the Pay as You Earn (Paye), came despite an 11.38 percent growth to Sh110.47 billion
11/16/2023
Kenya races to meet World Bank's tax reforms target
The government has highlighted aggressive revenue mobilisation including the deployment of technology by the taxman as actions set to enhance domestic tax collection.
11/14/2023
New tax break for a very select few in South Africa
The tax incentive allows ordinary South Africans, who are safeguarding threatened ecosystems or species, to deduct all expenses related to their conservation efforts from taxable income.
11/13/2023
IMF tax measures hand President Ruto 19.4pc revenue increase in October
The year-on-year growth in tax inflows for the month was nearly twice the 10.55 percent rise to Sh514.26 billion in receipts for three months through September.
11/08/2023
State widens tax net to capture artisanal miners
“Audit findings revealed that the ministry had not developed sufficient measures to monitor artisanal mining operations,” Ms Gathungu said.
11/01/2023
Crypto players withhold tax billions
The banking sector regulator said Bitcoin is a form of un-regulated digital currency that is not issued or guaranteed by any government or central bank.
11/01/2023
Banks seeking review of law on filing taxes every five days
The law initially required that tax on excisable goods and services be paid on the 20th of the following month, except for goods from abroad whose taxes are remitted at the time of importation.
10/31/2023
Digital Tax Collection Could Revolutionise the African Region Reveals Bento
It underscores the advantages of governments adopting digital payroll systems to collect income tax and other obligatory deductions accurately.
10/27/2023
SARS says sorry to taxpayers
The message told these representatives to submit their returns within 10 days and then threatened them with legal action should they not comply.