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…
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…
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…
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…
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,…
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