Freehold and Leasehold Property Rates in Kenya
This piece is in response to William Mbala, one of our readers who requested to know more about payment of City/Municipal council land rates in the perspective Freehold land. Property in Kenya can be acquired on freehold or leasehold basis. A freehold title will give the…
Time to Redeem Your Bonga Points
Safaricom has unveiled another Bonga points redemption promotion dubbed Jisort na Smartphone Reloaded. Similar to recent Bonga points redemption offers, Safaricom subscribers can redeem a portion of their Bonga points, add some money and get a smartphone. Phones under this offer include:…
NIC Bank Scoops Overall Financial Reporting Award
NIC Bank was named the overall winner of the 11th edition of the Financial Reporting (FIRe) Awards at a ceremony held at Safari Park Hotel on Friday.
Why You Need a KRA PIN
The moment you get your KRA Personal Identification Number (PIN), the taxman firmly has you. Everyone thinks a Personal Identification Number (PIN) is the taxpayers’ identification for Income Tax purposes. But if you thought your PIN has no other business apart from just being a PIN, you have another thing coming...
Finance Minister says Interest Rates are Too High
Finance Minister Njeru Githae has expressed concerns over high interest rates the market is experiencing currently. Githae noted that although The Central Bank of Kenya has cut the base lending rate to 13% currently from 18% in June, commercial banks still have their rates higher…
Kenya's Tax History (I): An Early Start
While taxes have been certain, they've been far from consistent. What we know as Kenya was tax-free for much of its early history.
What Does Your MP Actually Get Paid? A Detailed Breakdown
There's been much talk about the remuneration of MPs and numbers have been flying left right and centre. So let's make this clear once and for all. Just how much money does your MP take home every month?
Safaricom Wins Tax Race
Our taxman, KRA, says that Safaricom Limited has emerged the top taxpayer in the country for the financial year 2011/2012. The top ten taxpayers according to KRA goes as as it is in the order below:- Safaricom Limited East African Breweries…
KRA Now Targeting Sportsmen
The Kenya Revenue Authority (KRA) wants award-winning athletes to submit taxes at a top rate of 30%. According to John Njiraini, KRA’s commissioner-general, this new development is part of the renewed focus on rich Kenyans to help raise the revenue needed to finance rising government obligations. “It is part…
Renewing Your Driving Licence Via Mobile Money
Soon, you will be able to pay for renewal of your driving licenses using mobile money platforms. The Kenya Revenue Authority (KRA) is currently working on the platform that will pave way for the implementation of the service that will aim to boost convenience while reducing…
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