income tax Stories
The National Treasury’s draft 2025 Budget Review and Outlook Paper (BROP) indicates that KRA collected Sh1.093 trillion in income tax against a target...
Justice Chacha Mwita ruled that although the petition raised significant concerns regarding public finance and executive power, his court lacked juris...
The lender highlights the narrowing room for manoeuvre in the country’s budget, driven by ballooning debt servicing costs, persistent revenue shortfal...
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...
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.
In a notice, the authority said the change is outlined in the current stipulations of the Income Tax Act.
Somalia records over 155 million mobile money transactions monthly, and over 70 per cent of adults in the country use mobile money services.
