This article on Sky News HD suggests that a 20% “fat tax” on unhealthy food and drink could help cut the number of people suffering from obesity and heart disease. It got me thinking, is increasing tax on fatty foods a solution to the rise of obesity in…
Cooperative Development and Marketing minister Joseph Nyagah, says his ministry is developing a law that would see motorcycle taxis, commonly known as boda boda pay taxes. (Daily Nation) In a bid to control the fast growing division of public transport, the minister says they are proposing…
Kenya Revenue Authority (KRA) will be targeting beer drinkers and cigarette smokers in the next tax collection period. These consumers will feel the tax weight in the tax man’s bid to collect Sh150 billion more in the next period to finance the Sh1.45 trillion budget. This will see…
Consumers should prepare for tough times ahead beginning July after a new law proposing to drop Tax exemptions on consumer goods is passed by parliament. This law will effectively see zero rated commodities pay Value Added Taxes in the tax man’s bid to increase his income base. The Treasury expects the new…
Despite the Government dropping taxes on cooking gas in 2005, supply of the same has not reflected the move. This has majorly been attributed low supply due to storage issues. LPG usage has been curtailed by lack of enough storage capacity that stands at 3,960 tonnes, comprising 1,250 tonnes LPG…
The Kenya Revenue Authority could soon be taxing all transactions you make on your mobile money account, the tax man has announced. Speaking while releasing the KRA’s third quarter revenue performance Commissioner General John Njiraini said they were considering taxing the transactions to increase their…
Several policies, mostly concerning interventions to address the cost of living through reduction of duties and taxes have negatively affected revenue collection. When Kenyans complained of high petroleum prices, the government responded through removing excise taxes on kerosene and reduction of excise duty on diesel. When…
The Kenya Revenue Authority will now be collecting taxes ‘legally’ after the Finance Bill 2011/2011 was passed. The taxman had been collecting taxes illegally since January of 2012 to date. KRA was collecting taxes in the months preceding January based on the Provisional Collection of Taxes and Duties Act.The provision allows…