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More on Tax
16 Feb 2024
Navigating Voluntary Tax Disclosure Programmes: A Guide for Businesses.
In the dynamic landscape of taxation, businesses often find themselves grappling with complex tax compliance requirements. In response to this challenge, tax authorities around the world have introduc...
30 Oct 2023
Tax education should complement automation of revenue systems to enforce compliance
For a country to attain its developmental goals, it has to generate revenue to fund these goals. A significant portion of a country’s revenue is generated through taxation. Despite the crucial r...
18 Sep 2023
An analysis of the proposed tax measures outlined in the draft Medium-Term Revenue Strategy
In the wake of economic challenges and declining domestic revenues, the National Treasury has unveiled an ambitious Medium-Term Revenue Strategy (MTRS) that promises to reshape the country’s tax...
14 Aug 2023
Significant Political Sentiment: President Ruto’s take on the new tax measures and the need to curtail borrowing
The government’s spending on various initiatives ranging from affordable housing, healthcare, and support for farmers and small businesses, will be footed by taxpayers following approval of the budg...
17 Jul 2023
A reprieve to Kenyans but dire consequences to the exchequer after suspension of the Finance Act 2023
After President William Ruto assented to the Finance Bill, 2023, on June 6, the bill became law. This meant that some of the provisions of the law were to take immediate effect from July 1, 2023, whil...
10 Jul 2023
Edible oils manufacturers seek government support for sustainable growth
The edible oil manufacturing sub-sector of the Kenya Association of Manufacturers, last week (3 July) released a statement urging government support for its continued growth. Through a new initiative ...
29 May 2023
Revitalising Kenya’s Tax System: Introducing the National Tax Policy and Its Transformative Impact
Since gaining independence in 1963, Kenya has made significant progress in developing its tax system. The government introduced various laws to broaden the revenue base, including legislation o...
15 May 2023
Exploring the Evolution of Excise Duty in Kenya: From Sin Tax to Revenue Generation
Excise tax is a levy applied selectively on particular goods and services. The main aim of this levy is to raise substantial revenue for the government at relatively low administrative or compliance...
15 May 2023
Tax Appeals: Examining the Impact of ‘Pay to Play’ on Access to Justice and Cash Flow Constraints for MSMEs
‘Pay to play or pay to be played?’ Sections of the Finance Bill 2023 have caused a buzz amongst them the amendment of Section 32 of the Tax Appeals Tribunals Act to cause taxpayers who seek an app...
15 May 2023
Unveiling the Economic Ramifications: The Impact of 16% VAT on Fuel and Fuel Products
The recent proposal to increase the Value Added Tax (VAT) imposed on petroleum from a rate of 8% to 16%, is bound to impact fuel prices and is poised to reverberate across various sectors of the econo...
15 May 2023
Finance Bill 2023: Is it the Breaking Point for Overburdened Kenyan Taxpayers?
The Finance Bill, 2023 which has got many tongues wagging across the country was tabled before the National Assembly on Thursday, May 4, 2023, by the National Treasury. The Bill proposes an array of t...
24 Feb 2023
An overview of the 2022 Tax Expenditure Report
The 2022 Tax Expenditure Report was released by the National Treasury with the goal of promoting data accessibility and transparency while providing information for tracking and analysing tax expendit...
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