NCBA to Appeal KSh 384.5 Mn Tax Ruling on 2019 Merger
NCBA Group PLC has said that it will appeal a High Court ruling that nullified the KSh 384.5 million stamp duty exemption granted during the 2019 merger between NIC Bank [...]
Ghana Scraps Controversial Tax on Mobile Money
Ghana's parliament has repealed the Electronic Transfer Levy (E-Levy), a tax on mobile money transactions that had sparked public outcry since its introduction. Ladies and Gentlemen, Investors, Parliament has just [...]
Uganda Seeks to Exempt Local Startups from Taxes for First Three Years
Uganda's government has proposed to exempt local startups from taxes for the first three years of operations. Similar to other developing countries, small and medium-sized enterprises are the lifeblood of [...]Tribunal Overturns KRA Tax Demands After Delayed Responses
In a double blow to the Kenya Revenue Authority (KRA), the Tax Appeals Tribunal ruled in favor of two companies—Dalberg Research Limited and Panari Centre Limited—overturning multi million-shilling tax assessments [...]18 Arrested in Cargo Dumping' Tax Evasion Scheme
Eighteen people have been arrested in Nairobi in a crackdown on a cargo dumping' tax evasion scheme where goods destined to Democratic Republic of Congo (DRC) were diverted to Eastleigh. [...]KRA Waives KSh 140Bn in Tax Amnesty Program
The Kenya Revenue Authority (KRA) has waived KSh 140billion in penalties, interest and fines for over 1.9 million taxpayers in the ongoing Tax Amnesty Program. “In spite of the progressive growth, [...]Airtel Wins KSh 11 mn Tax Dispute After KRA Procedural Lapse
The Tax Appeals Tribunal has sided with Airtel Networks Kenya Ltd. in a customs valuation dispute with the Kenya Revenue Authority (KRA), effectively saving the telco over Ksh 11 million [...]Kiambu County Loses KSh 612mn Tax Appeal after Procedural Blunder
The Tax Appeals Tribunal has thrown out an appeal by the Kiambu County Government challenging a KSh 612 million tax assessment by the Kenya Revenue Authority (KRA) in a landmark [...]Uganda Waives KSh 334mn in Taxes for Local Companies
Uganda's parliament has approved over USh 9.5 billion (~KSh 334.77 million) in tax waivers for several local investors facing economic headwinds. The waivers include USh 783mn to Busoga University after [...]US to Match Foreign Tariffs in ‘Fair Trade’ Overhaul
Last week, US President Donald Trump signed a memo directing his economic staff to develop reciprocal tariffs on the country’s trading partners to protect American businesses and boost manufacturing. “On [...]BAT Kenya Denies KSh 9.6 Billion Tax Discrepancy After Investigative Report
Listed cigarette manufacturer BAT Kenya has dismissed allegations in a recent investigative report that there are extensive discrepancies in its financial statements for 2017 and 2018. The report is based [...]
What Would Happen if Kenya Adjusted its VAT Rate?
Kenya would benefit more from reducing the differences in VAT rates than in raising the standard 16% rate to 18%, a recent policy simulation by the Kenya Institute for Public [...]
