KRA to Pay Interest on Delayed Refund on Overpaid Taxes-Finance Bill 2024
The Kenya Revenue Authority (KRA) has been put under pressure to fast track refunds of taxpayers who in the process of meeting their tax obligations make excess payments. “Where a [...]
Debt Shaming Cases by Digital Lenders Drop by 75%
The Office of Data Protection Commissioner (ODPC) has registered a 75% decline in cases where digital lender apps have abused clients' information when pestering them to pay up mini-loans they [...]Insurers Risk Penalties on Failure to Collect Motor Vehicle Tax-Finance Bill 2024
Auto insurance companies risk penalty on failure to collect and remit to the Kenya Revenue Authority (KRA) the annual taxes on motor vehicles as prescribed in the Finance Bill 2024. [...]Kenya Exempts Zimbabweans from US$ 30 ETA Fees
Kenya has exempted Zimbabwean travellers heading into the country from paying the Electronic Travel Authorisation (ETA) when applying to visit. Before the introduction of the eTA system, citizens from 51 [...]CMA Approves Registration of Arvocap Unit Trust Scheme
The Capital Markets Authority (CMA) has approved the registration of Arvocap Unit Trust Scheme pursuant to the capital markets act and the collective investment schemes Regulations, 2001. The collective investment [...]Communications Authority Revenue Estimated to Hit KSh 117.367Bn by 2027
Communications Authority of Kenya’s revenue for the next five years is expected to hit KSh 117.367 billion, part of the money expected to be used in promoting digital inclusivity. ICT [...]Millennials' Loan Appetite Makes Statement in Credit Market in Q423-TransUnion
Millennials now account for more than half of borrowers across various loan products, according to global information and insights company TransUnion's latest report for Q423. Millennials are increasingly becoming the [...]Fuel Prices Drop by Ksh. 1 in May-June Review
The Energy and Petroleum Regulatory Authority (EPRA)has announced a slight drop in pump prices for the period between May 15 to June 14, amidst the stabilizing shilling. The average landed [...]Demand for Maisonette Grows in Q4, Apartments Preference Fall KBA Housing Index
There is an increase in the demand for Maisonette properties going by almost double growth in their preference from the fourth quarter property market survey by the Kenya Bankers Association [...]CCI Global Sets Up US$ 50 Million Facility in Tatu City
Business Process Outsourcing (BPO) company, CCI Global, aims to create 5,000 jobs for Kenyans after launching its 17th contact center in Tatu City, investing US$ 50 million in a five-storey [...]Communications Authority to Review Frequency Spectrum Prices by July
The Communications Authority of Kenya (CAK) will issue new frequency spectrum prices in the next two months, in the first such review since 2018. “To harness the full potential of [...]Inside the Finance Bill 2024: New Taxes, New Powers for KRA
The legislative process for the next fiscal year’s budget will begin today, when the Finance Bill 2024 undergoes its First Reading in a special sitting of parliament. In a bid [...]
