President Uhuru Kenyatta to open investment forum Kenya is set to host its first two-day investment conference in Nairobi this week as the State intensifies its efforts to woo foreign investors. About 2,000 potential investors from over 100 countries are expected to attend the event at the Kenyatta International Convention…

News items you should note this morning: Suppliers on the spot as KRA re-introduces withholding tax Kenya has re-introduced the withholding value added tax in a move seen as targeted at the thousands of suppliers to government that have evaded the tax since September last year. The Kenya Revenue Authority (KRA)…

Airtel, KRA partnership enables subscribers to pay taxes via mobiles The partnership also allows Airtel subscribers to inquire for KRA services, generate a KRA payment reference number (PRN or an e-slip/invoice number) and make quick simple payments through Airtel Money by simply dialling the short code *572#. Airtel is charging its…

Treasury to pay tax refunds in January Treasury secretary Henry Rotich said plans are under way to pay KES 10 billion of the estimated KES 30 billion backlog in January and to finish the rest within the first quarter of the year. The settlements will be made by issuing the claimants with tradable…

The Kenya Revenue Authority (KRA) is lobbying to start taxing the popular and low-cost 'Keg' alcoholic drink which is currently exempted from excise tax. If this happens, you will obviously add a few more shillings to pay for your tin of Keg.

Tedious paperwork plus long queues are back, notwithstanding a non-responsive website portal for online taxpayers. The Kenya Revenue Authority (KRA) Commissioner General John Njiraini has disclosed that the amendments made through Finance Bill 2012 will require all salaried employees to file and submit income tax returns with effect from calendar year 2012.

1. Civil Servants’ Union Gets Seat in Salaries Team The umbrella Civil Servants’ union has scored a major victory after the Salaries and Remuneration Commission invited it to be part of the agency’s committees. The Federation of Public Service Trade Unions of Kenya (Pusetu)…

The Kenya Revenue Authority (KRA) announced its revenue collection performance for the first half of the year 2012/2013, collecting over KES 380 billion between July-December 2012 compared to KES 338 billion the previous year. That is a 12.6% growth.

We (PesaTalk) started publishing articles in March 2012 with the aim of simplifying the jargon that financial news is famed for.yes, we have lost our footing every once in a while but our readers have kept us going, and the viewership over the months has been…

The treasury has come up with an excellent summary on the Budget and the forecast for the next few years see Budget Highlights Final. Suffice it to say that domestic borrowing will be checked at Kshs. 120 bn. and although the budget deficit looks high at 8% public debt…