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 [...]
More Industries Protest Finance Bill 2024
As the May 28th deadline for public participation for theFinance Bill 2024nears, more industry players have opposed proposed tax measures, arguing that it will increase the cost of goods and [...]
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 [...]How Horizons Offices is Shaping The Future of the Workplace in Africa
Over the last few years, businesses have shifted from leasing massive spaces for their offices to finding working models that work for them and their staff. The shift to working [...]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. [...]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 [...]Tax Amnesty Nets Additional KSh 6bn Since February
More than 500,000 Kenyans have paid a total of KSh 20.8 billion in principal taxes, up from KShs 14.5bn in February, as the June tax amnesty deadline approaches, according to [...]Regional Tax Authorities Net Over US$ 3Mn from Evasion Probes
The East Africa Revenue Authorities have a realised a total of US$ 3million in revenue from tax evasion investigations for the periods between October 2023 and April 2024. “Corruption fights [...]Digital Tax Wave Spreads across Africa
African countries are racing to enact rules for non-resident suppliers to account for taxes on electronically supplied services (ESS), a new report by PwC indicates. “As the digital economy continues [...]20% Excise Duty on Digital Lenders is Financially Excluding Millions in Kenya
Digital lenders are against the 20% excise duty charged on interest and fees, on top of other taxes, arguing that it has raised the cost of credit and stifled innovation [...]KRA Revenue Service Assistants Contribute an Extra KES180.6 Million in 6 Months
The Kenya Revenue Authority (KRA) revenue assistants contributed an extra KES180.6 million in revenue collected over the last six months. The field officers have been instrumental in identifying 20,551 unregistered [...]How to Generate an Invoice Using KRA's eTIMS Lite
The eTIMS lite is a digital interface that allows small business owners to handle their tax affairs and generate invoices easily. The Kenya Revenue Authority on March 4th directed that [...]
