ruto taxes Stories
According to the Treasury, the move is aimed at tightening tax compliance and ensuring that foreign firms contributing to large public contracts also...
According to the NTA, tax incentives offered to attract foreign direct investment have instead contributed to revenue loss when given without proper i...
The Bill proposes amendments to the Income Tax Act, VAT Act, Excise Duty Act, and the Tax Procedures Act aimed at addressing delays in revenue collect...
The taxman collected Sh1.07 trillion between July and December 2024, falling short of the Sh1.23 trillion required to stay on course to meet the full-...
From February, salaried employees will face a doubling of their National Social Security Fund (NSSF) contributions.
The hearings saw participation from over 150 organisations and individuals who provided insights on various provisions within the bills.
For the wealthiest individuals with assets over $100 million, the NTA recommends a 5 per cent wealth tax.
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...
Air tickets, aircraft parts, and related services will now be subject to the levy.
The PBO warned that the Treasury’s ambitious revenue goals may not be achievable through new taxes alone, especially given recent missed revenue targe...
TRthese sectors have not been contributing their fair share of taxes, placing a heavier tax burden on the majority of Kenyans.
If the bill becomes law, insurance companies will collect the motor vehicle tax at the point of issuance of insurance coverage and remit the same to t...
Even though Ruto thinks that he is doing the right thing, while not making a popular decision, there is a need for his government to reconsider some o...
President William Ruto intends to raise the country's average tax rate from 14 per cent to 16 per cent by the end of 2024, and to 20–22 per cent by th...
