ruto taxes 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...

Treasury spares milk, bread from VAT hike, targets airline industry in new tax review
Lucy Mumbi  |  Nov 07, 2024

Air tickets, aircraft parts, and related services will now be subject to the levy.

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...

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.

Finance Bill 2024: Why car owners feel new tax is 'enemy of progress'
Alfred Onyango  |  Jun 04, 2024

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...

OPINION: Mr President, please be considerate and fair as you move to levy new taxes
Mohamed Ahmed  |  May 18, 2024

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...

Worry, criticism as Ruto plans to raise tax rate to 22 per cent by end of term
Lucy Mumbi  |  May 15, 2024

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...

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