Taxman Goes After Super Rich
The Kenya Revenue Authority (KRA) has come up with a special team of tax collectors that will help pursue wealthy tax evaders. The special unit will comprise of specially trained experts in auditing, law and risk analysis.This came after taking note on an increase in imports of luxury commodities and…
Land Rates Penalties Waiver- “Idd-Ul-Fitr Special
In a similar move to that of The Nairobi City Council, the Municipal Council of Mombasa has extended the land rates waiver period for another 14 days. The Municipal Council of Mombasa has extended, what it dubbed: Operation Lipa Madeni Last Waiver of Land Rates Penalties…
Nairobi City Council Extends Waiver Period
As tweeted by K24 TV, the deadline for City Council of Nairobi Operation Clamp down for rates defaulters set to end today, August 8, 2012 has been extended for another ten days. We were though unable to get in touch with City…
D-Day For Land Rates Defaulters
Today is August 8th 2012, the deadline for Operation Clampdown and hundreds of land rates defaulters are currently queuing at the county hall in an attempt to beat today’s deadline. Defaulters on property rates had earlier been given a 100% waiver and advised by the City Council of Nairobi to clear…
Capping Interest Rates would Hurt Borrowers, says KBA
The push by members of parliament to have interest rates capped could hurt borrowers in the long run. Kenya Bankers Association chairman Habil Olaka says that the move will result to banks devising methods to have secure lending only which will lock out…
Food Items to be Exempted From VAT
Food items have been exempted from the effects of VAT Bill 2012 that is currently in parliament for debate. Finance Minister Njeru Githae told Daily Nation on Tuesday 7th August 2012 that the cabinet resolved to this move owing to pressure from the public. The…
Youth Fund to be turned into Microfinance
The government is hatching a plan to turn the Youth Enterprise Development Fund into a Microfinance Institution. Currently, the fund provides loans to existing micro-finance institutions (MFIs), registered non-governmental organizations (NGOs) involved in micro financing, and savings and credit co-operative organizations (SACCOs) for on-lending…
Beware of Conmen, KRA Tells Property Owners and Developers
The Kenyan Revenue Authority (KRA) has advised the public to be on the lookout for individuals and groups purporting to assist them to escape taxation of rental income. The groups, KRA says in a statement, are asking taxpayers to pay money for the service, and in the process…
Price of Imported Goods May Go Down
Consumers may soon pay less for imported goods following a move by the Kenya Revenue Authority (KRA) which will allow importers to move their goods without having to stop for inspection. The Authority reports that the initiative will save time and money for importers, bringing down the cost…
Safaricom New Smartphone Offers
With 55 days to Communications Commission of Kenya (CCK) deadline to switch off all counterfeit phones, Safaricom has unveiled its smart phone offer. Alcatel OT-918 Retails at KES 8,499, inclusive of 1.5GB data + KES 1,000 worth of airtime Features:…
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