The government has announced a renewed crackdown on businesses, aiming to target tax evaders by using mobile money paybills and till numbers, following the failure of the eTIMS system to address the issue. According to a plan revealed by Moses Kuria, the President’s senior economic adviser, the government intends to [...]
Read MoreThe Kenyan Treasury's proposal to amend the Data Protection Act, 2019, has stirred significant controversy. The proposed changes would grant the Kenya Revenue Authority (KRA) unrestricted access to sensitive personal data without needing a court warrant.This data includes property ownership, bank accounts, and details held by various institutions such as [...]
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The government has announced a renewed crackdown on businesses, aiming to target tax evaders by using mobile money paybills and till numbers, following the failure of the eTIMS system to address the issue. According to a plan revealed by Moses Kuria, the President’s senior economic adviser, the government intends to transform paybill and till numbers into electronic tax registers (ETRs)…
The Kenyan Treasury’s proposal to amend the Data Protection Act, 2019, has stirred significant controversy. The proposed changes would grant the Kenya Revenue Authority (KRA) unrestricted access to sensitive personal data without needing a court warrant.This data includes property ownership, bank accounts, and details held by various institutions such as banks, telecom operators, utilities, schools, land registries, and the National…
16% VAT on bread removed Excise duty on vegetable oil removed VAT on transportation of sugar removed 2.5 per cent Motor Vehicle Tax removed Eco Levy on locally manufactured products removed eTims receded from farmers and small businesses with a turnover of below Ksh.1 million Excise duty imposed on imported table eggs, onions and potatoes to protect local farmers No…
These individuals will be classified as separate households, regardless of their living situation, and will be required to pay a monthly fee of KSh 300 if they are unemployed. This directive follows the government’s recent plan to have prisoners contribute to taxes through work.
As the Finance Bill proposes to raise the threshold form those making sh5 million in annual turnover to those with annual sales under sh8 million, businesses could be exempt from having to register as value-added tax (VAT) agent. The proposed changes to Section 34 of the VAT Act, 2021, in the Finance Bill 2024, would relieve businesses with annual turnovers…
In a significant policy reversal, the Kenya Revenue Authority (KRA) has rescinded its previous decision to exempt businesses with an annual turnover of Ksh5 million and below from producing invoices through the electronic Tax Invoice Management System (eTIMS). The latest gazettement of Kenya Subsidiary Legislation 2024 eliminates these exemptions,
The Kenya Revenue Authority (KRA) is now targeting landlords who ‘have not’ raised their rent over the past couples of years. According to the KRA, the failure by these landlords to raise rent is suspicious and points to a deliberate attempt at cheating the taxman when filing returns.
The current regime has embarked on increasing the tax base to collect more revenue, as the government moves towards its vision of ensuring it relies on revenues raised instead of loans to finance its operations.
In a significant policy reversal, the Kenya Revenue Authority (KRA) has rescinded its previous decision to exempt businesses with an annual turnover of Ksh5 million and below from producing invoices through the electronic Tax Invoice Management System (eTIMS)…
The current regime has embarked on increasing the tax base to collect more revenue, as the government moves towards its vision of ensuring it relies on revenues raised instead of loans to finance its operations.