Taxes Stories
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 ...
The taxman collected Sh1.07 trillion between July and December 2024, falling short of the Sh1.23 trillion required to stay on course to meet the full-...
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...
