new taxes kenya Stories

Kenyans brace for higher taxes as new levies take effect
Lucy Mumbi  |  Jan 17, 2025

From February, salaried employees will face a doubling of their National Social Security Fund (NSSF) contributions.

Finance Committee concludes public hearings on proposed tax amendment bills
Maureen Kinyanjui  |  Nov 30, 2024

The hearings saw participation from over 150 organisations and individuals who provided insights on various provisions within the bills.

Wealth tax proposal could generate Sh100 billion for Treasury – report
Maureen Kinyanjui  |  Nov 22, 2024

For the wealthiest individuals with assets over $100 million, the NTA recommends a 5 per cent wealth tax.

Public hearings begin on Tax Laws Amendment Bill, 2024
Lucy Mumbi  |  Nov 18, 2024

The Bill is expected to raise Sh178 billion to support the 2024/2025 national budget by revising key tax categories, including excise duty, income tax...

Kalonzo vows to lead street protests against proposed tax reforms
Maureen Kinyanjui  |  Nov 11, 2024

Musyoka has bashed the government's proposal, stating that increased taxes would add to the financial strain on Kenyans, while benefiting only a small...

Parliamentary Budget Office warns govt against imposing new taxes
Lucy Mumbi  |  Nov 04, 2024

The PBO warned that the Treasury’s ambitious revenue goals may not be achievable through new taxes alone, especially given recent missed revenue targe...

Treasury proposes housing, SHIF deductions from gross salaries to boost take-home pay
Lucy Mumbi  |  Nov 04, 2024

The change, included in amendments to tax laws, would replace the current system, which gives a tax relief of 15 per cent on these contributions.

Kenya to track mobile phone imports for tax compliance starting January
Lucy Mumbi  |  Oct 24, 2024

Local assemblers, importers, retailers, wholesalers, and mobile network operators will be required to upload the International Mobile Equipment Identi...

State now targets professionals, landlords to increase tax revenue
Maureen Kinyanjui  |  Oct 17, 2024

TRthese sectors have not been contributing their fair share of taxes, placing a heavier tax burden on the majority of Kenyans.

Organisations oppose State move to impose new levy on cereal exports
Maureen Kinyanjui  |  May 30, 2024

Starting July 1, 2024, the government intends to operationalise the food crops regulations gazetted in 2019, imposing new levies on the import and exp...

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