Tax

Navigating the shift: eTIMS compliance and opportunities for businesses

Tax compliance and broadening the tax base are pivotal to the Kenya Revenue Authority’s (KRA) strategy for enhancing national revenue and ensuring equitable economic participation across all sectors. However, despite the extended deadline, over 80% of businesses in Kenya have yet to adopt the KRA’s new electronic tax invoice management system, eTIMS. As of […]...

23 Jun 2024

The rise of clicktivism in Kenya: The need to balance digital activism with national interests

The debate around the Finance Bill 2024 ignited a flurry of conversations. Perhaps the most striking one was the firestorm on social media, demonstrating the burgeoning power of digital activism or cl...

19 May 2024

Finance Bill 2024: The new taxation model is a double-edged sword for Kenya’s alcohol industry.

The Finance Bill of 2024 seeks to bring significant changes to the landscape of alcoholic beverages. A notable shift proposed in this legislation is the adjustment of taxation from a flat rate per lit...

19 May 2024

Finance Bill 2024: Potential VAT and excise duty hikes threaten Kenya’s financial sector stability.

The Finance Bill 2024 portends a tightrope for the financial services sector. While the government is keen to bolster its coffers by implementing a raft of tax changes in the financial sector, ...

9 May 2024

Africa’s trillion-dollar loss: Combating illicit financial flows through policy and advocacy.

Over the past 50 years, Africa is estimated to have lost more than $1 trillion in illicit financial flows (IFFs). This sum is roughly equivalent to all of the official development assistance received ...

4 May 2024

Java House tax dispute: Key lessons on taxation and compliance for businesses in Kenya.

The Kenya Revenue Authority (KRA) has ignited a heated dispute with private equity fund, Emerging Capital Partners Kenya (ECP Kenya), over a hefty tax claim of Sh773.8 million related to the 2017 sale...

12 Apr 2024

Budget struggles loom: IEA highlights impact of delayed Division of Revenue Bill on county budgets.

An analysis of the Division of Revenue Bill (DoRB), 2024, by Faith Nzomo of the Institute of Economic Affairs (IEA) recently identified several issues that require attention before the bill is passed....

5 Apr 2024

Kenya’s Economic Freedom Ranking: A Look at the 30th Anniversary Index Results

This year marks the 30th anniversary of the Index of Economic Freedom. Kenya holds the 20th position in Africa and ranks 120th globally, categorised as ‘mostly unfree’. The score falls abo...

21 Mar 2024

Enhancing tax compliance to boost revenue: Expanding the tax bracket and prudent spending must go hand in hand.

Meeting Kenya’s ever-growing development needs, largely financed through taxation, is an arduous task. The broader fiscal context Kenya finds itself in currently makes even the challenge dauntin...

21 Mar 2024

Global disputes in taxi-hailing services reveal regulatory challenges: Insights from Australia.

Earlier this week, more than 8,000 taxi and hire car drivers in Australia emerged victorious in a class-action lawsuit against Uber. They sought compensation for the financial setbacks they endured fo...

9 Mar 2024

Simplifying tax compliance: How small businesses can join the eTIMS bandwagon.

In a groundbreaking move aimed at revolutionising tax collection, the Kenya Revenue Authority (KRA) has introduced the electronic Tax Invoice Management System (eTIMS), mandating all businesses to ele...

16 Feb 2024

You can run, but you can’t hide: As Kenya adopts CRS, calls for balancing tax transparency with data privacy concerns emerge.

Kenyan commercial banks have started implementing the Common Reporting Standards (CRS), a tax procedures regulation of 2023. This regulation requires all Kenyan banks, trusts, and other financial inst...

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Tax