income tax,Income Tax Act Stories
Firms will only be able to deduct 50 per cent of the amount in the first year, with the remaining 50 per cent claimed in two equal instalments of 25 p...
he brunt felt by businesses in the quarter under review could also be a result of the static income trends which dominated during the review period.
The revelations come as thousands of public servants failed to comply with mandatory wealth declaration regulations.
The adjustment reflects KRA’s efforts to align with CBK’s monetary policy and pass on the benefits of lower market interest rates to taxpayers.
The new framework will dictate revenue sharing among the counties for five years, from 2025-26 to 2029-30.
Out of the total households surveyed, the trend shows a 7.9 per cent dip in the savings culture of Kenyans from 2021, the previous survey period, to d...
In a notice, the authority said the change is outlined in the current stipulations of the Income Tax Act.
A notable portion of households, 55 per cent, have experienced stagnated income year-to-date.
The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.
Under an initiative led by Barbados, France and Kenya, countries also continue to discuss imposing new global taxes to help pay for climate finance, s...
Somalia records over 155 million mobile money transactions monthly, and over 70 per cent of adults in the country use mobile money services.
The FAO's 'Unjust Climate' report uncovers a dark reality in low and middle-income countries, noting women heads of households in these parts suffer m...
