Finance acts and analyses

The Kenya Revenue Authority launched the 8th Corporate Plan 2021/2022 – 2023/2024

This Plan is the eighth in the life cycle of the Authority and runs under the Theme: Revenue Mobilization through tax simplification, technology-driven compliance and Tax Base expansion. In this Plan, the Vision remains to be ‘A globally trusted revenue agency facilitating tax and customs

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First National Shadow Budget roots for a predictable tax regime and urgent debt management

A shadow National Budget published by a local public affairs and policy analysis consortium has called for the urgent adoption of a predictable tax regime to foster economic growth and mitigate a looming external debt default situation. The Shadow Budget, dubbed “Road to Recovery” and

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BPS and Trade sector – General Economic and Commercial Affairs(GECA)

In the MTEF period 2017/18-2019/20, the total approved budget for the sector’s programmes and sub programmes was 78.9 Billion Ksh, while the actual expenditure was 66.47 Billion Ksh.
This represented 84.6% absorption level.

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Part 2 on the BUDGET SERIES: Which way forward for Kenya’s economy? Highlights of Kenya’s economic outlook and proposed recommendations

The Kenyan economy is currently facing significant challenges as a result of the COVID-19 (C19) exacerbating an already grim situation. Despite having attained a lower middle income status in 2014, Kenya has failed to adequately address institutional and structural inadequacies that have continued to hinder

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Kenya on course to implement global tax exchange of information protocols by 2022

SPECIAL FEATURE: The Kenya Government has reiterated its commitment in implementing international standards on transparency and exchange of information for tax purposes as part of a national effort to curb tax evasion and illicit financial flows. Speaking at the OECD Global Forum on Transparency and

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Private Sector engagement in the budget making process

The Kenya budget cycle is well on its way and is in fact half way through with the National Treasury and Planning having just concluded the public hearings for FY 2021/22 and Medium-Term budget proposals. The budget is the most important policy through which the

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Highlights of the first quarterly economic and budgetary review report in the 2020/21 FY

Growth in broad money supply, M3, improved to 10.7
percent in the year to September 2020 compared to a
growth of 6.5 percent in the year to September 2019.

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Status of payments to County Governments

The National Treasury and Planning published a public statement on the status of payments to county governments. The Statement was published to inform citizens about the quantum of funds transferred to County Governments in FY 2019/20 and in preceding years. By the end of FY

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People’s Money: Harnessing digitalisation to finance a sustainable future

A report on the role that digitization shall play in financing a sustainable future was released this week by the UN Secretary General Task Force on Digital Financing of the Sustainable Development Goals (SDGs). The taskforce was established as part of the roadmap for Financing the 2030 Agenda for Sustainable Development: 2019-2021 and its mandate is to recommend and catalyse ways to harness digitalization in accelerating financing of the SDGs.

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KRA Finance Act 2020 Stakeholder Awareness

The Kenya Revenue Authority held a Stakeholder Engagement on Thursday, August 13, 2020 to create awareness of the provisions of the Finance Act 2020.

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Setting Trends Earlier this week, KRA released a press statement highlighting the findings of OECD report on corporate taxation. The Global report has identified Kenya as one of the leading countries currently fostering tax reforms for economic growth. The report by the OECD dubbed Corporate

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TABLING OF COMMITTEE REPORT On 18th of June 2020, the National Assembly held its plenary session. Hon. Joseph Kirui Limo, the Chairperson of the Departmental Committee on Finance and Planning laid before the House the Committee’s report on its consideration of the Finance Bill 2020.

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The Uganda 2020/21 national budget is based on the theme: Stimulating the economy to safeguard livelihoods, jobs, business and industrial recovery. It was delivered by Hon. Matia Kasaija Minister of Finance Planning and Economic Development on 11th June 2020.

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On 2nd June 2020, the Cabinet Secretary for National Treasury and Planning Published Draft Value Added Tax (Digital Marketplace Supply) Regulations, 2020 for public review and comment. The draft Regulations are to give effect to the VAT Act as amended by the Finance Act, 2019 providing for levying of VAT on services rendered in the ‘digital market place’.

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MPs issue fresh threats to CBK boss on Sh1-million rule

Three House committees are angry at the Governor for the CBK’s failure to submit crucial but unpopular regulations.

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