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Reprieve for businesses as court stops implementation of minimum tax
By Kepha Muiruri,
1810, April 19, 2021 (EAT)
Hundreds of thousand of business around the country can breathe a sign of relief with the High Court of Kenya stopping the implementation of the minim...
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IMF says more vaccine spending is fastest way to shore up public finances
By Reuters,
1818, April 7, 2021 (EAT)
The COVID-19 pandemic will continue to swell global public debt in 2021, but spending more money to accelerate vaccinations is the fastest way to star...
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Gov’t tax relief cuts Kenya Power full year loss to Ksh.939M
By Kepha Muiruri,
1620, February 26, 2021 (EAT)
Kenya Power full year loss contracted from an initial Ksh.2.98 billion to Ksh.939 million from tax credits earned from the relief on corporation tax p...
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East African Portland Cement cuts loss to Ksh.1 billion
By Kepha Muiruri,
1611, February 26, 2021 (EAT)
Manufacturer East African Portland Cement Company (EAPC) has cut its half year loss through December 31, 2020 to Ksh.1 billion from Ksh.1.6 billion la...
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Gov’t earnings from PAYE drop by Ksh.62.1 billion in one year
By Kepha Muiruri,
1821, February 25, 2021 (EAT)
The government has shed Ksh.62.1 billion in earnings from pay as you earn (PAYE) with the tax head being the worst hit by COVID-19 related disruptions...
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PROFILE: Meet Ruth Musembi, public relations guru with a knack for spotting talent
By Guest Writer,
1043, February 18, 2021 (EAT)
Ruth Musembi is an accomplished Corporate Communication Expert, a proficient educator, and a certified coach. She has been an adjunct faculty at Da...
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Kengen pays Ksh1.15B to National Treasury as 2019 dividend
By Citizen Reporter,
1024, February 10, 2021 (EAT)
Leading power producer Kenya Electricity Generating Company PLC (KenGen) on Tuesday paid the National Government Ksh. 1,153,856,022 in dividends for t...
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KenGen doubles profit to Ksh.18.4B on tax credits, flat costs
By Kepha Muiruri,
1039, January 28, 2021 (EAT)
Electricity generating company KenGen has announced a Ksh.18.4 billion profit for the year ending in June 2020 having more than doubled earnings fron ...
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Companies face a complex, three-tiered tax filing process
By Kepha Muiruri,
1801, January 27, 2021 (EAT)
Companies are looking at a complex and three-tiered tax filing process for corporate tax payments covering income earned across last year and 2021. ...
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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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COTU: It is insensitive of Gov’t to introduce punitive tax measures
By Citizen Reporter,
523, January 1, 2021 (EAT)
The Central Organisation of Trade Unions (COTU) has lambasted the Government for ending tax relief measures that cushioned salaried workers in the wak...
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EABC urges East Africa partner states to market region as single investment destination
By Citizen Reporter,
1014, December 9, 2020 (EAT)
The East African Business Council (EABC) is urging East Africa Partner States to harmonise investment incentives and market East Africa as a single in...
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Uhuru urges stronger global alliances in COVID-19 fight
By PSCU,
1144, December 9, 2020 (EAT)
President Uhuru Kenyatta has underscored the need for closer collaboration between governments, development partners and international financial insti...
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Parliament to rubber stamp COVID-19 tax reversals
By Kepha Muiruri,
844, December 9, 2020 (EAT)
The National Assembly is expected to give the final nod on the reversal of tax relief measures effected at the start of the COVID-19 pandemic. Memb...
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Treasury ends COVID-19 tax relief measures to recover lost revenues
By Kepha Muiruri,
1612, December 4, 2020 (EAT)
The National Treasury has moved to cut off COVID-19 tax relief measures effective from January, 2021 as it seeks to reinstate lost government revenues...
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Stanbic Bank Kenya announces Ksh.3.6B profit after tax
By Citizen Reporter,
1318, November 27, 2020 (EAT)
Stanbic Bank Kenya has announced a Ksh. 3.6 billion after-tax profit for the period ended September 30, 2020 underpinned by solid balance sheet growth...
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Kenya seeks three and a half year access to IMF emergency loans
By Kepha Muiruri,
1054, November 21, 2020 (EAT)
Kenya is in deep talks with the International Monetary Fund (IMF) over the access of emergency bail out loans over the next three and a half years, th...
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KRA eyes Ksh.5 billion from the digital economy by June next year
By Kepha Muiruri,
1910, November 4, 2020 (EAT)
The Kenya Revenue Authority (KRA) has set its sights on raising Ksh.5 billion from the digital economy in six months to June 2021. This ahead of th...
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OPINION: The unspoken inequality of the COVID-19 pandemic
By Guest Writer,
1401, October 28, 2020 (EAT)
By Levi Gikandi 243 days ago, on a feverishly hot Wednesday afternoon, Kenyan President Uhuru Kenyatta stood in the manicured State House grounds w...
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