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 [...]
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 [...]
