high taxes business closures,Taxes Stories
FKE Executive Director Jacqueline Mugo said many firms in the region have shut down because of high operating costs, causing about 5,000 people to los...
The high taxes imposed on businesses have forced many to shut down, leaving empty stalls and shuttered shops in their wake.
The second phase of the programme, launched in December, targets penalties and interest accumulated up to December 2023.
Ruto said the move is part of broader efforts to create a pro-business environment that supports start-ups, Micro, Small, and Medium Enterprises (MSME...
Small-scale traders and ordinary Kenyans are calling for lower taxes, reduced fuel prices, and a more compassionate government to ease the high cost o...
Domestic taxes made up a large part of this total, with Sh1.386 trillion collected from July 2024 to April 2025, marking a 4.7 per cent growth.
According to the Treasury, the move is aimed at tightening tax compliance and ensuring that foreign firms contributing to large public contracts also...
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...
Budget and Appropriations Committee Chairperson Samuel Atandi has said there is growing consensus in the National Assembly that the authority to issue...
The proposed changes, if passed into law, would increase the period for refund ascertainment from the current 90 to 120 days, along with an extension...
This duty, introduced in the 2023 Finance Act, had pushed up the prices of these items and created friction with key trade partners like Uganda, Tanza...
The proposed tax changes, if approved, could raise the cost of building affordable homes and slow down the delivery of housing units.
The move comes barely a year after similar proposals in the Finance Bill, 2024 were dropped following fierce resistance from the public and civil righ...
If passed, the amendment means consumers of online radio and television will face higher subscription costs as service providers adjust prices to refl...
According to the NTA, tax incentives offered to attract foreign direct investment have instead contributed to revenue loss when given without proper i...
At the centre of the dispute was a press statement issued by Bungei on June 18, 2024, in which he declared that protests and public gatherings would n...
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...
These arrears are categorised by the Kenya Revenue Authority (KRA) as either under validation, uncollectable, or still undergoing reconciliation.
Notably, the gloomy employment outlook is against the backdrop of recent reports of recovery in the country’s macroeconomic environment and declining...
Citam's collections from tithes and offerings increased from Sh1.9 billion in 2022 to Sh2.2 billion in 2023.
Speaker Moses Wetang’ula granted the request, allowing the Finance and National Planning Committee more time to examine whether the exemptions on capi...
Taxpayers who do not owe principal taxes but have penalties or interest will automatically have these amounts waived without needing to submit an appl...
Speaking at the Institute of Public Finance’s annual budget review on Tuesday, Nyoro expressed concern that the country’s debt, now standing at Sh11 t...
The legislation, which came into effect on December 27, 2024, lacked a transitional clause to shield businesses that had already been granted the exem...
The audit revealed that five key government departments owe a combined Sh125 million in rent for offices they have not occupied.
The Electronic Rental Income Tax System (eRITS), unveiled on Thursday, is now live on the Gava Connect platform and is tailored to help property owner...
A fringe benefits tax is imposed on employers offering concessional loans to their employees, directors, or their families. The tax remains in effect...
The government’s proposed Sh4.2 trillion budget for the 2025/26 financial year, approved by the Cabinet in February 2025, includes Sh3.09 trillion for...
According to the Business Laws (Amendment) Bill 2024 proposed by the National Treasury, the revised definition of “employee” would cover individuals w...
In new submissions to Parliament, the Treasury now expects to collect Sh2.54 trillion in ordinary revenue for the financial year ending June 2025—down...
