KRA records excellent performance, Exceeds target in first half of FY 2021/22

The Kenya Revenue Authority (KRA) has recorded an above-target revenue performance in the first half of the Financial Year 2021/2022 after collecting KShs. 976.659 billion against a target of KShs.

Key tax changes to look out for in 2022

On January 1, 2022, several key tax amendments contained in the Finance Act, 2021 (the Act) took effect. We take a look at these changes and the likely impact on

The State applauds KRA’s revenue mobilisation efforts with a record number of Awards and Honours

The Kenya Revenue Authority (KRA) has welcomed the highest number of decorations ever accorded to its staff members; by the State at the recent 58th Jamhuri Day Celebrations. In recognition of

15th October 2021 Political and Regulatory Round Up

KRA ASSURES ON THE INCLUSIVE FRAMEWORK ON BASE EROSION AND PROFIT SHIFTING The Kenya Revenue Authority (KRA) has allayed fears on the possible loss of revenue from multinational technology firms

Taxation in Sports

Kenya was the leading performer in Africa in the recently concluded 2021 Tokyo Olympic games having won four golds, four silvers and two bronze that further jolted the country to

Key Strategies in the Transformation of Kenya’s Tax Administration

Dr Mohamed Omar – KRA Commissioner – Strategy, Innovation and Risk Management Tax systems go through changes over time, as economies and societies equally evolve. Tax administration in Kenya has

More than 5.5 million taxpayers file returns as filing period closes

More than 5.5 million taxpayers filed their tax returns for the year 2020 as the filing period officially closed at midnight on Wednesday 30th June 2021. This means that 1.1

Unfavourable tax policies that continue to constrain the growth of the sorghum value chain

The story of sorghum based beer in Kenya illustrates the importance of government policy for the development of smallholder value chains. This has been evidenced by the changes in tax

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

The Kenya Revenue Authority launched the 8th Corporate Plan 2021/2022 – 2023/2024

This Plan is the eighth in the life cycle of the Authority and runs under the Theme: Revenue Mobilization through tax simplification, technology-driven compliance and Tax Base expansion. In this

Finance Bill, 2021

TAX AMENDMENTS HIGHLIGHTS Introduction: The Finance Bill, 2021 was published on 05th May 2021. The reason for publishing the Bill early, as was the case in 2020, was to comply

A ruling against Minimum taxes

Earlier this week, the High Court of Kenya vide a ruling in the Constitutional Petition No. E005 of 2021, a case of Stanley Waweru & 3 others (the Petitioners) V

KRA appoints two Commissioners to enhance leadership capacity

The Kenya Revenue Authority (KRA) has announced two substantive Commissioners’ appointment as part of an ongoing leadership capacity enhancement programme. KRA’s Commissioner General Githii Mburu CBS, in a media communiqué,

ICT sector priorities: Conversation between Senate and Industry

The Senate Standing Committee on Information, Communication and Technology held a meeting this week with the Kenya Private Sector Alliance and the Kenya ICT Action Network to deliberate on emerging

Minimum tax is an idea worth pursuing

Taxing businesses on profits as
it has always been means
that loss making entities
comfortably escape the
taxman’s noose. Bear
in mind that the onus of
determining profits or losses
rests on the taxpayer.

Part 6: Sports and Entertainment Services

Kenya’s latest form of
taxation is the Digital Service
Tax (DST) which came into force
on 1st January 2021. It imposes a
1.5% tax on the gross transaction
value of services provided on
digital platforms operating within
the “digital-market place” which
has been defined in the VAT Act
as “a platform that enables the
direct interaction between buyers
and sellers of goods and services
through electronic means”.

2021 ushering in tax changes

Kenya has greatly been affected by the outbreak of Covid-19 that was subsequently declared a global Pandemic. Businesses had to minimize their activities due to the Pandemic. This led to

Kenya on course to implement global tax exchange of information protocols by 2022

SPECIAL FEATURE: The Kenya Government has reiterated its commitment in implementing international standards on transparency and exchange of information for tax purposes as part of a national effort to curb

Government set to roll back COVID tax relief measures in January 2021

Per statistics by the World Bank, Kenya is set for a relatively short setback from COVID-19 with a s 4 percentage-point dip in growth this year, and 5.2 percent growth