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 [...]KRA Launches New eTims Lite for Informal, Small Biz Sector
Kenya Revenue Authority (KRA) has said that all persons carrying on business such as those in the Informal Sector and Small Businesses will be required to electronically generate and transmit [...]
KRA Nets Kshs 14.5 bn in Tax Amnesty Programme
More than 227, 000 taxpayers have benefitted from waiver of penalties and interest by the Kenya Revenue Authority. Through the Finance Act 2023, KRA introduced tax amnesty programme that allows [...]Startups to Capitalize on Incentives at TRIFIC SEZ Innovation Hub
Service sector businesses operating within the TRIFIC Special Economic Zone will reap the benefits of tax incentives, world-class facilities, and the SEZ's One-Stop-Shop business services centre to optimize their competitiveness [...]Multichoice Rejects Canal Plus' Acquisition Offer
Multichoice board of directors has halted a buyout deal from Canal plus stating that the value of the South African company surpasses the initial offer. Canal Plus has built its [...]EABL Stock Price Plunges as Tax Conditions and FX Market Dampen Profitability
In a landscape where regulatory changes can swiftly alter the course of businesses, East African Breweries Limited (EABL) finds itself grappling with the ramifications of an amendment to Sec 36 [...]
Prefilled VAT Returns Await Taxpayers Effective January
All VAT returns will be pre-filled with information available to Kenya Revenue Authority (KRA) from the January tax period, the Kenya Revenue Authority has said. “In this regard, we remind [...]Kenyan Private Sector Less Hopeful in 2024-PMI Survey
The Kenyan private sector is less optimistic about new business opportunities in 2024 with the degree of confidence slipping to a seven-month low, the latest Purchasing Managers Index (PMI) indicates. [...]KRA's Jan 1st 2024 Deadline for Businesses to Start Generating Electronic Invoices
KRA (Kenya Revenue Authority) has set a deadline of 1st January 2024 for all businesses to electronically generate and transmit their invoices to the taxman via eTIMS from 1st January [...]KRA Collects One Trillion, Supported by Customs Collection
The Kenya Revenue Authority (KRA) has collected Ksh 1.030 Trillion as at 8th December, 2023, supported by customs collection. Revenue collection has progressively increased in the last 5 months (July [...]
