There are some taxes that were once levied but as it stands today, they are no longer being levied. Whats are some of these taxes and what could possibly been the cause of their removal?

Banks still have their base lending rates at between 18.5% and 22.5% despite the Central Bank lowering the base lending rate (CBR) to 11% beginning of November.

The government is in the process of working out a formula for taxing proceeds from oil explorers in the country. This has led to suspension of the sell of oil exploration blocks. Energy minister Kiraitu Murungi said during the East Africa Gas and Oil Summit 2012 that no firm will…

The VAT Bill 2012, which is part of the ongoing tax reforms in the country which aim at increasing revenues, will be introduced next year after the general election. The treasury has said so.

With increasing travel and trade between Kenya and China, the need for easier of conversion of currency between the two nations is a welcome move. 1 Chinese Yuan is valued at approximately KES 13.74

The government is considering bringing back the law that will allow withholding of VAT. This comes after a poor collection on VAT and the treasury says that it has noted that there has been a fall in ordinary revenues from VAT, which comes after the Treasury did away with the withholding tax regime so that firms wont surrender cash and reclaim it from the Kenya Revenue Authority (KRA).

Independent Kenya has had income tax, corporation tax, trade taxes and excise taxes. The value-added taxes were introduced later. We take a look at taxes in independent Kenya.

Latest MasterCard survey reveals that 76% of Kenyans commit to increase their savings in the following 6 months mainly motivated by unforeseen emergency expenditure. Only 46% have calculated the total amount that they would need to retire with in order to maintain their lifestyle after retirement.

Standard Chartered Bank has announced today that its Chairman, Wilfred Kiboro, has stepped down from serving as the bank's board chairman

Income tax was first introduced in Kenya by the British in 1921. However other forms of colonial taxes such as Graduated Personal Tax, Land Tax and Hut or Poll Tax have since either become obsolete and inapplicable or have new names as we know them today.