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End of relief as petrol, diesel prices rise by Ksh 11.38 and Ksh.17.30
By Kepha Muiruri,
1810, July 14, 2020 (EAT)
The rise in landed cost of imported fuel has marked the end of relief for motorists as petrol and diesel costs pick up by Ksh.11.38 and Ksh.17.30 resp...
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KRA pays out a record Ksh.24 billion in VAT refunds
By Kepha Muiruri,
1757, July 8, 2020 (EAT)
The Kenya Revenue Authority (KRA) paid out a record Ksh.23.6 billion out of Ksh.36.1 billion in total VAT refund claims for the year ending June 30. ...
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KRA recovers Ksh.139 million from hidden offshore assets
By Kepha Muiruri,
1042, July 7, 2020 (EAT)
The Kenya Revenue Authority (KRA) has recovered an estimated Ksh.139 million ($1.3 million) from the recent uncovering of offshore assets through inte...
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Local firms’ foresee an economic rebound on further restrictions ease
By Kepha Muiruri,
947, July 2, 2020 (EAT)
Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...
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Kenya’s 1.5% digital services tax for Netflix, Uber to take effect in January
By Kepha Muiruri,
2000, June 30, 2020 (EAT)
The operation of the 1.5 percent digital services tax levied on gross sales by online businesses such as Netflix and Uber is set to take effect early ...
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Over 3.7 million Kenyans file tax returns as window closes
By Kepha Muiruri,
1839, June 30, 2020 (EAT)
Over 3.7 million Kenyans file tax returns for the year ending December 31, 2019 as the window to declare the tax submission to the tax man closes Tues...
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Covid-19 takes out Ksh.54 billion from KRA’s tax basket
By Kepha Muiruri,
956, June 29, 2020 (EAT)
The ensuing Covid-19 pandemic has seen the tax basket shrink by Ksh.54 billion or an equivalent 16.1 percent between March and May this year. Accor...
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MPs shoot down taxes on pensions, cooking gas in Finance Bill adoption
By Kepha Muiruri,
1125, June 24, 2020 (EAT)
The 2020 Finance Bill sailed through the floor of the National Assembly as Members of Parliament shot down proposals by Treasury to raise taxes from p...
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Government waives airline landing fees in industry turn-around boost
By Kepha Muiruri,
1102, June 23, 2020 (EAT)
The government has lifted landing fees charged to airlines as part of incentives to support the industry’s turnaround as it emerges from depths of C...
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COVID-19: Financial hardships overtake health as top concern among Kenyans
By Kepha Muiruri,
1457, June 21, 2020 (EAT)
Financial constrains arising from the COVID-19 pandemic have now overtaken health as the greatest concern among Kenyans, a new survey shows. Accord...
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Pensioners spared from tax as Kenyans are handed cheaper Unga
By Kepha Muiruri,
954, June 19, 2020 (EAT)
The National Assembly Finance and National Planning Committee has thrown out proposals that would have seen monthly pension payment attract tax paymen...
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Centum retains dividend at Ksh.1.20 per share as profits rise to Ksh.4.6B
By Kepha Muiruri,
1212, June 13, 2020 (EAT)
Centum Group has retained its shareholder pay out at Ksh. 1.20 a piece or a combined Ksh. 798million after booking a 12 percent growth in the year end...
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Yatani’s normal budget in abnormal circumstances
By Kepha Muiruri,
916, June 12, 2020 (EAT)
Drawing from a popular anecdote by Health Cabinet Secretary Mutahi Kagwe, experts have termed the 2020/21 budget statement as normal in abnormal circu...
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The 2020/21 budget winners and losers
By Kepha Muiruri,
914, June 12, 2020 (EAT)
Treasury Cabinet Secretary Ukur Yatani’s maiden budget statement delivered a mixed bag of fortune for Kenyans in a quest to strike a balance in net ...
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Budget day: Yatani’s budget of pain
By Kepha Muiruri,
920, June 11, 2020 (EAT)
In just a few hours, Treasury Cabinet Secretary Ukur Yatani is expected to walk down the steps of the planning ministry to head into the National Asse...
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One on one with Treasury CS Ukur Yatani ahead of budget reading
By Faizal Ahmed,
2221, June 9, 2020 (EAT)
This year's budget reading process is expected to be different. Like other State functions, it will have minimal attendance with the highlight of...
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Meet the man serving Kenyans with free mobile money transactions
By Kepha Muiruri,
1324, June 6, 2020 (EAT)
Tekwane Mwendwa is the founder and current operations manager at Asilimia Kenya, an application freeing up fees on all mobile money transactions. T...
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Kenya proposes VAT on Netflix, Uber, online businesses
By Kepha Muiruri,
1515, June 2, 2020 (EAT)
Subscription based media including news magazines, streaming of television shows, music and podcasts will now be the subject of value added tax (VAT)....
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Beer prices set to rise as Treasury slashes tax relief on locally sourced raw materials
By Kepha Muiruri,
1419, June 2, 2020 (EAT)
The National Treasury has slashed the remission of excise duty with respect to beer made from sorghum, millet, cassava or any other agricultural produ...
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Used vehicle dealers oppose KRA’s new pricing regime
By Kepha Muiruri,
1546, May 25, 2020 (EAT)
Used vehicle dealers have opposed the Kenya Revenue Authority (KRA) draft current retail selling prices for imported motor vehicles terming the new da...
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