Today is Thu, 14 Nov 2024
More on Tax
3 Feb 2023
Cause of delay to broaden revenue base via minimum tax
Section 12D of the Income Tax Act was introduced via the Finance Act of 2020 which sought to impose a minimum tax of 1% on gross turnover. The tax rate was introduced to ensure that everyone, regardle...
3 Feb 2023
A return of the politics of tax
Taxation in Kenya has taken a political twist in a week that saw President William Ruto train his guns on former President Uhuru Kenyatta and businesses associated with his family. Speaking a day afte...
27 Jan 2023
Snooping on tax evaders: Balancing between protection of personal data and KRA’s bid to monitor transactions
As the world marks Data Privacy Day on 28th January 2023, Kenya has been busy this week with a series of activities organized by the Office of the Data Protection Commissioner (ODPC) to commemorate th...
20 Jan 2023
Michael Kamau Kamiru is a new board member at KRA
Mr Kamiru is currently the Head of Governance, Risk and Compliance, at Jubilee Allianz General Insurance Limited. He is a Finance Management and Risk Management professional with over 27 years of demo...
9 Dec 2022
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 t...
25 Nov 2022
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 ...
11 Nov 2022
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 inc...
4 Nov 2022
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 growt...
14 Oct 2022
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 “Leavin...
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