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More on Tag: Tax
7 Apr 2023
Oil prices set to surge after producers announce plans to cut production
Prices for petroleum products are set to go up after the major oil producers announced plans to cut their production up to 1.15 million barrels per day from May until the end of 2023. Saudi Arabia a...
31 Mar 2023
President Ruto saves Airtel Kenya, Amazon from forced stake sale
Kenya President Ruto saves Airtel Kenya, Amazon from forced stake sale Airtel Kenya has been saved from forcibly selling a third of its stake to local investors after US tech giant Amazon successfully...
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...
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....
10 Feb 2023
Sensible or an overkill: Where do the NSSF increments fall?
When the fourth president of Kenya, Uhuru Kenyatta, assented to the National Social Security Fund (NSSF) Act, 2013 early on in his first term, he may never have envisioned the controversy that was ahe...
3 Feb 2023
3rd February Trade and Financial Services Round Up
Kenya EPRA reveals second plan to increase cost of power The Water Resources and Management Authority (WARMA) is the latest State entity to seek a bigger pie of the electricity bills in what looks set...
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
Explainer: What you need to know about Kenya’s Privatisation
Bill, 2023 At the core of national conversation lately is a proposed legislation seeking to govern the process of privatising state-owned companies and entities. The Privatisation Bill, 2023, which is...
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...
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