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...
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...
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...
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 Electronic Rental Income Tax System (eRITS), unveiled on Thursday, is now live on the Gava Connect platform and is tailored to help property owner...
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...
The Employment Act, 2007 bars employers from deducting more than two-thirds of an employee’s basic salary.
Despite the combination of wealth tax and redistribution policies over the past years, the levels of poverty are still high, continuously extending th...
The report shows that at least 47,300 government employees are taking home less than a third of their gross pay, a violation of the Employment Act 200...
The internal alignment will further focus on enhancing workflow processes to reduce redundancies, optimise internal resources and leverage advanced an...
In addition to the insurance tax, the congestion levy is expected to target major urban areas such as Nairobi, Mombasa, Kisumu, Eldoret, and Nakuru.
The data reflects a challenging business environment in a year marked by higher taxes and rising lending rates.
KRA Board Chairperson Nderitu Muriithi called on Kenyans to continue reporting tax evaders through KRA’s anonymous portal, highlighting the importance...
Concerns over taxation deepened this week after the National Social Security Fund (NSSF) announced a six per cent increase in contributions, with empl...
Gachagua has been holding a series of meetings at his Wamunyoro home, bringing together political leaders, religious figures, and opinion shapers to d...
The tax collection represents 6.7 per cent of the total target, which aims to collect Sh30 billion by June 2025.
The Authority noted that this surpassed the target of Sh101.316 billion, with Agency revenue performing at 121.3 per cent of the target.
The latest figures show the Kenya Revenue Authority (KRA) missed the tax collection target in the first half ending December 2024 by Sh163.46 billion.
In the following years, revenues are expected to grow, with Sh3.02 trillion targeted for the Financial Year 2025-2026 period and Sh3.42 trillion for ...
