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

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

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

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

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

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

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

The IEA warned that this tax increase could face resistance from foreign service providers, further discouraging digital investment in Kenya.

The government's efforts to reform the economy and encourage industrialisation are being undermined by the widespread corruption that drains public fu...

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

The CS also emphasised the importance of ensuring that Kenyans have more disposable income after taxes.

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...

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

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...

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.

The recovery followed 883 reported cases from the public, with 255 KRA staff members currently under investigation over allegations of misconduct link...

The proposed tax changes would likely lead to increased charges for these services, impacting millions of users.

According to the CS, the proposal is to expand the tax base by bringing the income of the owners of digital platforms that offer the above services in...

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