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KRA waives all penalties to taxpayers disclosing hidden arrears in 2021
By Kepha Muiruri,
1728, January 11, 2021 (EAT)
The Kenya Revenue Authority (KRA) will waive all penalties and interest to tax payers disclosing arrears in 2021 under its new voluntary tax disclosur...
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Low profit margin firms ‘punished’ in minimum tax roll out
By Kepha Muiruri,
1821, January 5, 2021 (EAT)
High turnover but low profit margin yielding firms are expected to see the bitter end of the minimum tax effected at the start of the year. This is...
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14 foreigners mainly from Eastern Europe face deportation from Kenya
By Citizen Reporter,
1140, December 17, 2020 (EAT)
Kenya is set to deport 14 foreigners mainly from Eastern Europe who are in the country illegally. Interior CS Fred Matiangi signed the deportation ...
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Treasury moves to correct error in minimum tax law
By Kepha Muiruri,
1544, December 9, 2020 (EAT)
The National Treasury has proposed changes to the minimum tax legislation which takes effect from January 1, 2021. Also Read: Financial hardships...
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Tea bonus falls to Ksh.27.6 billion
By Kepha Muiruri,
1830, October 22, 2020 (EAT)
Kenya Tea Development Authority (KTDA) managed tea factories have declared a Ksh.27.6 billion second and final payment to tea farmers for the year end...
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KRA waives presumptive tax for new businesses
By Kepha Muiruri,
1656, October 21, 2020 (EAT)
The Kenya Revenue Authority (KRA) has waived presumptive tax for new businesses in their first 24 months of operations as part of measures to simplify...
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President Uhuru Kenyatta signals the end of tax relief measures
By Kepha Muiruri,
728, September 29, 2020 (EAT)
President Uhuru Kenyatta has signalled the end of part of tax relief measures implemented in April this year and dubbed as the first economic stimulus...
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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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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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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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DIAZ: 2020/2021 Kenya budget a short in the arm for local industry in advent of COVID-19
By Guest Writer,
1538, June 13, 2020 (EAT)
In spite of having featured as one of the four thematic development pillars for Kenya over the medium, manufacturing has been seen by many observers t...
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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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President Kenyatta approves tax relief measures cushioning Kenyans from Covid-19
By Kepha Muiruri,
1638, April 25, 2020 (EAT)
President Uhuru Kenyatta has assented the 2020, Tax Laws (Ammendments) Bill into law passing on relief to Kenyans as part of government relief measure...
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Kenyans earning below Ksh.24K to get tax relief after MPs give the nod
By Kepha Muiruri,
1058, April 23, 2020 (EAT)
The National Assembly adopted the 2020, Tax Laws (Ammendment) Bill on Wednesday to end in relief to Kenyans as per Presidential directives issued last...
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OPINION: Tailored mitigation efforts could cushion economy better from Covid-19 pandemic
By Citizen Reporter,
1142, April 19, 2020 (EAT)
By Desmond Boi The coronavirus pandemic has certainly thrown into sharp relief the interconnected clasp of globalization and nationalism and revea...
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Coronavirus: Hits and misses in Government’s relief measures
By Kepha Muiruri,
1530, March 27, 2020 (EAT)
On Wednesday, President Uhuru Kenyatta announced the government’s first round of stimulus to prevent the economy from imploding into a full-blown cr...
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Relief for Kenyans who earn up to Ksh.24K as Uhuru orders cuts to PAYE, VAT
By Kepha Muiruri,
1927, March 25, 2020 (EAT)
President Uhuru Kenyatta has ordered the National Treasury to move to Parliament and implement a raft of changes including relief on employee tax and ...
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