08/31/2023

How September taxes will hit firms, consumers

The Finance Act defines digital assets as anything of value that is not tangible, which means the tax will cover a vast array of assets, including non-fungible tokens (NFTs).

08/02/2023

Cape Town pleads for privatisation

Transnet said that close to 75% of the freight volume moved through the port goes through the terminal, and it accounts for nearly 50% of South Africa’s total port traffic.

07/25/2023

Auditor General probes supplementary budgets

The International Monetary Fund (IMF) reveals the special audit follows the conclusion of the Executive Board’s fifth review of Kenya’s ongoing loans on July 17th.

07/24/2023

Beware: SARS doesn’t forget

In a recent July case titled CSARS v M, a taxpayer failed to disclose receipts totalling R5.6 million during the 2007 to 2010 years of assessment.

07/19/2023

Protests over new taxes unnerve global investors

Global analysts, however, see the full implementation of the painful taxes, projected to raise Sh211 billion in new revenue as necessary in “placing Kenya’s public finances on a sustainable footing.”

07/18/2023

Multichoice Kenya taxes up to Sh3.1bn

Multichoice has been facing increased competition in Kenya from StarTimes and Zuku as well as online streaming services like Netflix and Amazon Prime, even as dynamics such as currency depreciation force it to increase prices.

07/17/2023

Depressed economy hits growth of tax collections

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

SARS launches new tool for tax returns

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.