Today is Mon, 16 Sep 2024
Tag: KRA
Latest Article 16 Sep 2024
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 […]...
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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...
24 Feb 2024
Kenya’s fiscal landscape: A Review of the 2024 Budget Policy Statement and its implications on businesses
Background The Budget Policy Statement (BPS) is a government policy document that sets out the broad strategic priorities and policy goals to guide the National Government and County Governments in pr...
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...
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...
7 Apr 2023
Expected changes in the fiscal policy to attract investment in Kenya
The current administration is committed to bringing legislative amendments to the fiscal policy through the Finance Bill, 2023, and the Budget Policy Statement. President William Ruto noted that the c...
24 Mar 2023
Energy ministry signs new deal for supply of petroleum products to ease pressure on the shilling
In a bid to ease pressure on the shilling currently depreciating in value against the dollar, the government has adopted a government-to-government deal on oil importation. In a statement, Cabinet Sec...
17 Mar 2023
Taxpayers’ burden of keeping Kenya Kwanza CASs in office
Kenya Taxpayers’ burden of keeping Kenya Kwanza CASs in office Kenyan taxpayers will spend more than half a billion shillings annually on salaries and benefits for the 50 Chief Administrative Secret...
10 Mar 2023
City Hall turns to Safaricom for revenue collection
Kenya City Hall turns to Safaricom for revenue collection Safaricom has inked a two-year deal with City Hall to offer a payment platform for Nairobi County services in a move set to lower pilferages i...
3 Mar 2023
Dynamics of the booming ‘mitumba’ industry and possible lessons for corporates
Second-hand clothes or ‘mitumba’ as they are popularly known in Kenya, are disposed of clothes previously worn in developed countries and imported to countries such as Kenya and other countries ...
3 Mar 2023
Reading between the lines of the controversy, protests and closure of China Square
China Square is a retail supermarket at Unicity Mall off Thika Superhighway and is owned by Kenyatta University. The mall was conceived as a project to bring in funds to the university but since its o...
24 Feb 2023
CHANGES AT THE HELM OF THE KENYA REVENUE AUTHORITY (KRA)
The Kenya Revenue Authority on Thursday, 23rd February 2023 communicated the new management team after the resignation of Githii Mburu. In addition to his departure, other Commissioners were replaced....
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