KRA Collects KSh 2.407 Trillion in 2023/24 Financial Year
The Kenya Revenue Authority (KRA) collected KSh 2.407 trillion in the 2023/24 financial year, an increase of 11.1 per cent compared to KSh 2.166 trillion in the previous financial year. [...]
How the Integrated Customs Management System Works
Customs agencies worldwide are grappling with enhancing trade facilitation while ensuring compliance with regulations. The Kenya Revenue Authority (KRA) has introduced the Integrated Customs Management System (iCMS), consolidating various customs systems [...]
What is Value Added Tax (VAT)?
Value Added Tax is an indirect tax paid by consumers of taxable goods and services in Kenya, including those imported into the country. Eligibility for Value Added Tax Registration in [...]How Dividends are Taxed in Kenya
Dividends for purposes of taxation is any distribution, whether in cash or kind, made before or during winding-up by a company to its shareholders concerning their equity interest in the [...]Additional Taxes Will Cost 50,000 Jobs in Ride Hailing Sector- Bolt Public Policy Manager
Ride-hailing companies have protested some some of the proposed tax measures in the Finance Bill 2024, arguing that they will make it harder for them to do business, force them [...]
Inside Kenya's Business Tax Landscape
During a recent webinar hosted by The Kenyan WallStreet in collaboration with Tarra Agility Africa, a boutique international tax and legal advisory firm, we delved into the business tax landscape [...]Bankers Fault Finance Bill 2024, Call for Consistency in Tax Policy
The Kenya Bankers Association (KBA) has faulted the new proposed tax measures in the Finance Bill 2024, arguing that it will raise the total tax on financial services, with far [...]How to File Income Tax
Income tax stands as a direct levy imposed on various sources of income, including business profits, employment wages, rental earnings, dividends, interests, and pensions, among others. Collection Methods: The mechanisms [...]Understanding Pay as You Earn (PAYE) Tax
1. What is PAYE? PAYE stands for Pay As You Earn, a taxation system in Kenya where employers deduct income tax from their employees' earnings and remit it to the [...]How to File Returns Using P9 Form in Kenya
Filing returns using P9 forms is essential for every employee in Kenya. Discover how to navigate this process effectively to meet the June 30th deadline and avoid penalties. What is [...]What Tax Experts Think About Finance Bill 2024
Broadly, the Finance Bill 2024 continues the trend witnessed last year with new taxes as well as increases in existing taxes as the Government attempts to collect more. However, these [...]Insurers Oppose Motor Circulation Tax in Finance Bill 2024
Motorists are likely to face higher risks if motor circulation tax in the Finance Bill, 2024 is implemented, Association of Kenya Insurers (AKI) has warned. Aki says this imposition will [...]
