Tag: Tax Compliance

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 daunting. In the 2023/2024 Budget Policy Statement, the National Treasury notes that while the country’s economic status has remained resilient, despite the uncertainties caused by multiple global shocks, there […]...

4th November Trade and Financial Services Round Up

Kenya Dollar crisis piles pressure on Sh75bn State firms foreign debt State-owned enterprises (SoEs) are sitting on non-guaranteed foreign currency debt worth Sh74.9 billion, exposing them to higher f...

23 Sep 2022

Tax abandonment review through a breakdown of London Distillers’ case

A Treasury directive that would have required London Distillers (K) Limited (LDK) to only pay Ksh. 80 million of a Ksh. 517 million tax claim has been overturned by the High Court. This is because a K...

13 May 2022

What KRA needs to do before leveraging on digital intelligence to weed out tax evaders

The Kenya Revenue Authority (KRA) has announced the establishment of an advanced forensic laboratory that will provide the authority the capability to access financial data from taxpayers’ computers...

12 Nov 2021

KRA’s strategy on social media surveillance explained

The Kenya Revenue Authority (KRA) announced that it is monitoring social media posts in a bid to enhance tax compliance and nab tax cheats who have been posting their lavish lifestyles, cars and asset...

25 Jun 2021

File your Annual Tax Return to avoid penalties for Non-compliance

By Rispah Simiyu Worldwide, a good tax compliance score is a fundamental aspect for the smooth running of any business or any profession. Contrary to popular belief, tax compliance is not entirely d...