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More on Tag: Tax
13 Mar 2021
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 le...
5 Feb 2021
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 tax...
22 Jan 2021
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 platf...
8 Jan 2021
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 job cuts, unp...
11 Dec 2020
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...
11 Dec 2020
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 returning in 2021. This is still...
6 Nov 2020
Highlights of Virtual 2020 Taxpayers Day- 6th November 2020
The main objective of the occasion was to recognize taxpayers from various sectors of the economy for their contribution towards nation-building. This year’s celebration is anchored on the theme; â€...
6 Nov 2020
Highlights of Kenya Revenue Authority 6th Annual Tax Summit
The 6th Annual Tax Summit that took place on the 4th and 5th of November, 2020, sought to advance conversations based on the four strategic goals that guide its 7th Strategic Plan by driving public a...
23 Oct 2020
Combating Tax Evasion: Intelligence-driven approaches
The commendable progress made so far can only mean one thing: the days for tax
evasion perpetrators are continually diminishing. Through such collaborations, the
country is now better equipped to eman...
23 Oct 2020
KEPSA/ KRA 6th Annual Tax Roundtable
National Treasury has accepted to increase the monthly
VAT refunds allocation from Ksh. 1.2 Billion to Ksh. 1.7
Billion. This has greatly contributed to the liquidity and
availability of capital which...
16 Oct 2020
Excellent service delivery is key to KRA’s successful delivery of mandate
CRM is a state-of-the-art system which has revolutionised how KRA engages with taxpayers virtually. Diversification of the virtual customer assistance platforms is informed by the need to take care of...
2 Oct 2020
Inflation adjustment on specific rates of excise duty
The Kenya Revenue Authority published a notice informing manufacturers and importers of excisable goods and members of the public that the Commissioner General will adjust the rates of excise duty usi...
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