Tag: VAT

Ruto budget has imprints of IMF, World Bank

The 129-page Budget address aimed to explain the motivation behind the far-reaching revenue-raising plan, which…

Tax proposals will reduce purchasing power-World Bank

It also portends harsher times ahead for businesses struggling with decreased demand as a result…

KRA given Ksh1.2 billion to hire spies to find tax evaders

In new efforts to increase revenue and reduce reliance on borrowing, the Kenya Revenue Authority…

Why employers will face difficulties as of July 1

In the new tax mobilization and social welfare funds that the William Ruto administration is…

Storm over State plan to tax insurance payouts

Insurance customers will start parting with 16% tax on the money paid to them by…

Safaricom plans to set up smartphone factory

Safaricom has revealed that it is setting up a factory in Kenya, which will assemble…

Changes in pump prices after President Ruto proposes 16 percent VAT

Pump prices will nearly breach the Sh200 per litre mark if Parliament approves a proposal…

The A to Z of the 2023 Finance bill

The 2023 Finance Bill seeks to amend various laws relating to taxes and duties with…