Taxman Goes After Super Rich
The Kenya Revenue Authority (KRA) has come up with a special team of tax collectors that will help pursue wealthy tax evaders. The special unit will comprise of specially trained experts in auditing, law and risk analysis.This came after taking note on an increase in imports of luxury commodities and…
Land Rates Penalties Waiver- “Idd-Ul-Fitr Special
In a similar move to that of The Nairobi City Council, the Municipal Council of Mombasa has extended the land rates waiver period for another 14 days. The Municipal Council of Mombasa has extended, what it dubbed: Operation Lipa Madeni Last Waiver of Land Rates Penalties…
Nairobi City Council Extends Waiver Period
As tweeted by K24 TV, the deadline for City Council of Nairobi Operation Clamp down for rates defaulters set to end today, August 8, 2012 has been extended for another ten days. We were though unable to get in touch with City…
D-Day For Land Rates Defaulters
Today is August 8th 2012, the deadline for Operation Clampdown and hundreds of land rates defaulters are currently queuing at the county hall in an attempt to beat today’s deadline. Defaulters on property rates had earlier been given a 100% waiver and advised by the City Council of Nairobi to clear…
Food Items to be Exempted From VAT
Food items have been exempted from the effects of VAT Bill 2012 that is currently in parliament for debate. Finance Minister Njeru Githae told Daily Nation on Tuesday 7th August 2012 that the cabinet resolved to this move owing to pressure from the public. The…
Beware of Conmen, KRA Tells Property Owners and Developers
The Kenyan Revenue Authority (KRA) has advised the public to be on the lookout for individuals and groups purporting to assist them to escape taxation of rental income. The groups, KRA says in a statement, are asking taxpayers to pay money for the service, and in the process…
IMF Pushes for Increased Food Tax
Kenyans may have to pay more for milk, bread and maize flour if the government passes the 2012 Value Added Tax (VAT) Bill. According to the Consumer Federation of Kenya, the International Monetary Foundation (IMF) is pushing the government to impose a 16% tax…
Use My Tax Money Wisely
“Government can never get broke, it is people like you and me who get broke,” – Joseph Kinyua, Permanent Secretary, Ministry of Finance Did you know that Kenya ranks 4th in the Global Property Guide’s list of Most highly taxed countries; ranked a place…
State Doing Little in Housing Development
The state has been playing a back bench role in provision and development of new housing units. Investors in private sector have taken over development of housing units even at times when statistics show large housing unit deficits, a thing the state should be concerned about. It is estimated that…
Your Taxes Have to Work for You
What are my taxes for if I have to pay my medical bills, buy clean drinking water, pay for affordable housing and schooling for my kids? This question was posed by technology blogger Robert Alai on his Twitter timeline. This observation brings to light…
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