Tax

Taxing the digital economy: Indepth look at DST, loopholes and how to get it right

The global economy has gone digital. This has increased the issue of tax avoidance and tax equity and sparked an increase in digital taxes worldwide, therefore increasing the number of challenges to trade law. Kenya is one of the nations that have rolled out a

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Broadening the tax base: A look at Financial Derivatives Regulations 2022

In the financial year 2022/23, Kenya government revenues are projected to increase to Ksh 2.4 trillion (17% of GDP), an increase from the Ksh 2.06 trillion (16.3 percent of GDP) collected in the year ended June 2022. This is slightly above the developing country’s average

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Tax transparency: Country-by-Country reporting requirement in Kenya kicks in

What is country-by-country reporting? Multinational Enterprise Groups (MNEs) that are tax resident in Kenya with gross revenues of KSh 95 billion or more are required to submit an annual return of income  for the year 2022 and subsequent years. The return should detail the group’s

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KRA walks a tightrope after government proposes a raft of measures to increase revenue

In the financial year ended June 2022, the Kenya Revenue Authority (KRA) recorded a historic high of KSh2.031 trillion against a revenue target of KSh1.882 trillion, representing a 21.7 per cent growth and the highest ever in its history. Despite this tremendous performance, the government

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Customer inclusion is inevitable in tax administratio

By Grace Wandera Once again, the Kenya Revenue Authority (KRA) is planning to mark the month-long taxpayers’ celebrations in the traditional month of October. A look at this year’s theme “Leaving no one behind” provokes some interesting thoughts.  Given that the payment of taxes is

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