Queer Contents of the 2007/2008 Revenue Accounts
Turns out that the taxpayer is still not aware of the exact revenue amounts that were gathered in the 2007/2008 financial year. There have been inconsistencies concerning the amounts collected with each of the involved parties, Kenya Revenue Authority, Ministry of Finance and…
SACCOs Enhance Access to Financial Services
Kenya is making progress in deepening access to financial services as the number of those not reached by the services reduced to 6.1 million from 6.7 million in 2006. According to a financial access trends study in Kenya (FinAccess) conducted by the Financial…
How the Teachers' Strike Could Double your Taxes
The teachers’ strike that is currently running could see your taxes raised to as much as twice the current tax rate of 30%. Treasury says that the government might have go that way because its an option to meet the long standing pay rise demands from teachers, doctors…
Speedy KRA Clearance System to Rescue Consumers
The Kenya Revenue Authority (KRA) is working on a plan to ensure speedy clearance of goods in the region. Once in place, the Authorised Economic Operator (AEO) system is expected to eliminate delays of clearance and delivery of imports. According to the Kenya…
New KRA Regulations To Increase Cross-Border Business Costs
Kenyan importers and investors in neighboring Uganda and Rwanda have decreed an increased cost of doing business. This follows the Kenya Revenue Authority (KRA) announcing that all goods passing through the Mombasa Port should will pay cash bonds. The cash bonds will be expected to be equal to the…
Credit Cards Vs Debit Cards
Debit card issuers charge a fee on transactions performed by the card from the account balance. Credit card issuers charge an interest on money advanced to the holder through the card transactions.
New Digital System To End Port Delays
The system will integrate the electronic systems of various parties engaged in the cargo clearance process including the Kenya Revenue Authority (KRA), Kenya Bureau of Standards (KEBS), Kenya Ports Authority (KPA) among others.
No Waiving On Land Rates
The City Council of Nairobi is no longer waiving rates on land for defaulters. Following a long campaign of waivers and extensions they finally decided to put their foot down. Chief Public Relations Officer Mr. Marube said that since the expiry of the August 31st 2012 deadline of operation clampdown,…
Tax Matters IV
See tax matters one, two and three. Corporation Taxes Corporation taxes are forms of income taxes that are levied on corporate bodies such as limited companies, trusts and co-operatives. In Kenya, Corporation taxes contribute 99% of the total…
Fight the Cold with Solar Power
Hot water is a luxury not many Kenyans can afford. With more than 50% of the population living below the poverty line, heated showers can be a costly affair. Some people are used to the biting cold, even in the month of July where temperatures are so low,…
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