kenya taxes,KRA taxes,new taxes kenya,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.

Taxes account for 46 per cent of fuel prices as state increases levies to meet revenue targets
Maureen Kinyanjui  |  Jan 16, 2025

Kenya's dependence on fuel taxes has deepened in recent years as the government seeks more revenue from this vital commodity.

Kenya ratifies treaty aimed at preventing multinationals from exploiting tax loopholes
Maureen Kinyanjui  |  Jan 09, 2025

One common strategy used by multinationals to sidestep taxes is the manipulation of profit-sharing arrangements.

Morara Kebaso speaks out amid KRA's probe into Sh27 million tax evasion claim
Maureen Kinyanjui  |  Jan 09, 2025

Despite these claims, Kebaso expressed confidence that Kenyans can distinguish between genuine investigations and politically driven attacks, vowing t...

New reforms allow Kenyans to contribute up to Sh30,000 monthly to pension schemes
Maureen Kinyanjui  |  Jan 09, 2025

The reform includes a substantial increase in the monthly deductible pension contribution limit, which has been raised from Sh20,000 to Sh30,000.

Tough year ahead for Kenyans as KRA records Sh174 billion revenue shortfall
Lucy Mumbi  |  Dec 31, 2024

Revenue collection challenges have been attributed to underperformance in key tax categories, which has disrupted government operations.

Maraga condemns abductions of Kenyans, urges adherence to the rule of law
Lucy Mumbi  |  Dec 30, 2024

The former Chief Justice stressed that 2025 should be a year of accountability, especially for those who caused suffering in 2024.

Kenya's small businesses hope for a better 2025 after struggling in 2024
Alfred Onyango  |  Dec 29, 2024

The Institute of Economic Affairs growth will remain moderate and uneven in the coming year unless significant structural reforms are implemented.

Relief for Kenyans as KRA announces new tax amnesty programme
Charles Adinda  |  Dec 27, 2024

The initiative is expected to alleviate financial challenges faced by taxpayers while promoting compliance with tax laws. It represents a critical ste...

How Gen Z used caricatures, humour to criticise government officials
Barack Oduor  |  Dec 25, 2024

PS Omollo said they do not intend to take any legal action against the person drawing the trending Ruto cartoons on social media, especially, the X pl...

KRA announces new taxes on goods and services
Charles Adinda  |  Dec 23, 2024

According to the public notice from the Commissioner for Domestic Taxes Rispah Simiyu, imported fully assembled electric transformers and their parts...

KRA announces changes to PAYE computation under new tax law
Charles Adinda  |  Dec 19, 2024

This act will come into effect on December 27, 2024, and affect taxable income deductions, tax reliefs, and exemptions.

Things are tough, lobby group says, dismisses Ruto's economic recovery claims
Lucy Mumbi  |  Dec 16, 2024

The group criticised the government's fiscal austerity measures, which they claimed were ineffective in addressing widespread corruption.

President Ruto signs seven Bills into law to enhance tax system, governance
Maureen Kinyanjui  |  Dec 11, 2024

Among the major pieces of legislation passed is the Tax Laws (Amendment) Bill, which introduces sweeping reforms to the country's tax regime.

Kenya Revenue Authority surpasses Sh1 trillion in revenue collection in five months
Lucy Mumbi  |  Dec 09, 2024

KRA announced that revenue for the first five months of the 2024/25 financial year, spanning July to November, totalled Sh1.005 trillion.

National Assembly rejects 5 per cent tax on infrastructure bonds interest
Maureen Kinyanjui  |  Dec 05, 2024

The Treasury had projected that taxing infrastructure bond interest would generate Sh13 billion annually, a crucial part of its efforts to raise Sh174...

National Assembly’s committee proposes two per cent railway levy, rejects lower rate
Martin Kinyanjui  |  Dec 05, 2024

This decision follows significant opposition from business stakeholders who expressed concerns that the increased levy would drive up the cost of impo...

MPs propose exempting small traders from eTIMS compliance to ease burden
Lucy Mumbi  |  Dec 04, 2024

If Parliament approves the Finance Committee's recommendations, small businesses may be relieved of the compliance burden that has made it difficult f...

Mbadi says state to review taxes on salaries to ease burden on workers
Maureen Kinyanjui  |  Dec 04, 2024

The CS said that taxes currently take up 8 per cent of employees' salaries, a burden that many find excessive.

Bill seeks to waive interest on overdue taxes to offer lifeline to businesses in distress
Lucy Mumbi  |  Dec 03, 2024

This measure aims to ease financial strain, enabling businesses to recover and grow. It is also expected to improve tax compliance and boost the econo...

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