9th Annual Taxpayers' Week Kicks Off
The Kenya Revenue Authority (KRA) will be holding the 9th annual taxpayers week that is slotted to kick off today Monday 15th to Friday 19th October 2012. During this event, a series of activities will run, including tax clinics, seminars, corporate social responsibility and talk shows countrywide.
Tax Matters VI;Double Taxation Agreements in Kenya
Double taxation is a taxation principle referring to income taxes that are paid twice on the same source of earned income. It occurs when the same transaction or income source is subject to two or more taxing authorities. Double taxation agreements on the other hand refer to agreements between…
Joint Saving Plans
Joint Savings Accounts are not a very common type of account in Kenya. The world over, joint accounts which have several advantages are shunned by many on trust reasons. According to Norwich & Peterborough building society (N&P), many Britons are keen to protect their wealth…
Will Duty on Mobile Money Affect You?
Finance Minister Njeru Githae has said that the introduction of a 10% excise duty on mobile money transfers and any other fees charged by other financial institutions will not affect the consumer in anyway. The Minister clarified that the duty will be paid by the service providers and will…
Buy Data Bundles, Get a Free Modem and Save KES 1,999
Safaricom Limited have unveiled a new modem offer where subscribers buy 4GB data bundle at KES 2,999 and get a free modem. Let’s see how much you stand to save from the offer. From our inquiry, the above free modem has 7.2 Mbps download and 5.76…
8 Junior Savings Accounts For Your Kid
Saving, saving, saving. This is the sacrament of any financial institution. Yet the older you get the harder it gets to start. So maybe you should start cultivating a habit of saving in your kids. Make it easier for them.
Numbers Say: Tax Avoidance For All.
First of all, calm down; the taxes referred to are not the personal income tax that’s deducted from your pay-check. These are alternative forms of tax that fall under the income tax category but have small charges associated with them, enough to earn anyone a tidy profit. Capital…
Company Taxes and Compliance
We've always wondered about it at some point or another. What are the purpose of taxes? Why should we pay it? Most of all what would happen if we decided that we just didn't want to? Well, here you are.
KRA Hopeful to Hit Target Despite a Sub Par Growth
Revenue data for the first two months of the current financial year shows that the Kenya Revenue Authority (KRA) may be lagging behind in realizing its annual target of achieving a 23% growth for the whole financial year. KRA has set a target of collecting KES 870.5 billion in taxes this year, over…
Postbank is now Chase Bank Agent
Chase Bank Kenya has announced that it will be using Postbank branches countrywide as its agents beginning today. In a statement on the official Chase Bank facebook page, the bank said Postbank will from today act as its agent providing clients…
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