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
Tax
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.
10/23/2023
Mobile Wallets: AT Announces It Will Tax Operations and Monitor Transactions
Among the tax measures are a reduction in the Value Added Tax (VAT) rate from 17 per cent to 16 per cent
10/20/2023
85 percent of Kenyan firms fail to pay corporate taxes
This came when corporate managers battled flagging sales in a high-inflation environment, which squeezed earnings and hit purchasing power.
10/20/2023
No plan to increase taxes, FIRS chairman assures firms
The plan had triggered muffled apprehensions that the decision could cause an increase in tax rates or introduction of new ones.
10/18/2023
Tax cheats ditch mobile payments to beat KRA
The KRA said it will be seeking information from Safaricom on merchants who have opted out of the M-Pesa Buy Goods and Pochi La Biashara tills in a bid to catch tax cheats.
10/17/2023
First quarter revenue growth slowest in five years
The receipts represent a 10.55 percent growth over nearly Sh465.20 billion in a similar period a year earlier when taxes increased 11.60 percent.
10/12/2023
A ‘special tax’ could bring the petrol price closer to R10 a litre in South Africa
South African motorists are now paying almost R26 per litre to fill up their cars following an increase on Wednesday, 4 October, with the cost of diesel and petrol climbing between R1.08 and R1.97 per litre.
10/12/2023
KRA plans system to gather data on overseas tax cheats
The taxman says it had been receiving large amounts of data from its partners to analyse and unearth tax evasion but has been overwhelmed, leading to delays in processing the data, which results in revenue loss.
10/11/2023
Flower firms feel heat of new taxes
The official revealed that the lobby has unsuccessfully engaged the Kenya Revenue Authority (KRA) on the issue, as well as about effecting tax cuts for the industry.
10/11/2023
The tax bill of South Africa’s ‘Big Four’ Banks
Despite the increased risk outlook, major banks maintained resilient balance sheets with capital and liquidity well above regulatory requirements.
10/10/2023
Tax deadline fast approaching in South Africa – don’t expect any forgiveness from SARS
These circumstances must be entirely out of their control and are generally incredibly rare.