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Employers warn of further job cuts as they slam new taxes
By Kepha Muiruri,
1233, February 27, 2021 (EAT)
Employers represented by the Federation of Kenyan Employers (FKE) have warned of further job cuts as business struggle to thrive under higher taxes. ...
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KRA begins receiving voluntary tax disclosure applications
By Kepha Muiruri,
1555, February 25, 2021 (EAT)
The Kenya Revenue Authority has activated its voluntary tax disclosure program (VTDP) as it moves to enhance revenue collection through enhanced compl...
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Gov’t to inject Ksh.1.3 billion into the Youth Economy, says President Kenyatta
By Ian Omondi,
1437, February 24, 2021 (EAT)
President Uhuru Kenyatta on Wednesday said the government, through the Kenya Youth Employment and Opportunities Project (KYEOP), will inject a total ...
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Why businesses must account for the Digital Services Tax
By Kepha Muiruri,
1003, February 23, 2021 (EAT)
By 2017, about a quarter of the world’s population or about 1.3 billion people at the time had purchased goods online. This is according to data ...
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Change of tune as DP Ruto now criticizes gov’t over rising public debt
By Sam Ogina,
1034, February 22, 2021 (EAT)
In a dramatic change of position, DP William Ruto launched a scathing attack at the government’s heavy borrowing saying it continues to cripple the ...
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DP Ruto says those pushing BBI Bill ‘are out of touch with reality on the ground’
By DPPS,
740, February 22, 2021 (EAT)
Deputy President William Ruto has said those pushing the bill ‘are out of touch with reality on the ground’. Also Read: Uhuru warns of 'cunning...
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January tax receipts down 6pc at Ksh.111.3B
By Kepha Muiruri,
1543, February 19, 2021 (EAT)
Tax receipts across the month of January fell by six per cent to stand at Ksh.111.3 billion from Ksh.118.3 billion last year. This is according to ...
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BAT profit rises by 41pc to Ksh.5.5B on lower costs, taxes
By Kepha Muiruri,
1728, February 18, 2021 (EAT)
BAT Kenya has announced a 41 per cent growth in profit for the year ended December 31, 2020 to Ksh.5.5 billion from Ksh.3.9 billion in 2019. The hi...
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Kusow Ali, driver charged with smuggling sugar, milk worth Ksh.5M in taxes
By Citizen Reporter,
818, February 11, 2021 (EAT)
A businessman, Abdihakim Kusow Ali, and his driver were charged with smuggling over 60 tonnes of sugar and 3 tonnes of milk powder from Uganda amounti...
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Uhuru: Gov’t to continue creating conducive environment for businesses
By PSCU,
750, February 11, 2021 (EAT)
President Uhuru Kenyatta has said the Government is committed to continue creating a conducive environment for small-scale traders to prosper. The ...
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Patrick Murimi Mwangi charged with Ksh.11M tax evasion for cigarettes
By Citizen Reporter,
1542, February 9, 2021 (EAT)
A businessman, Patrick Murimi Mwangi, was arraigned before Milimani Chief Magistrate for being in possession of uncustomed goods and excisable stamps....
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Gov’t to borrow more to finance recurrent expenditure if BBI passes
By Sam Gituku,
1259, February 5, 2021 (EAT)
Should the Building Bridges Initiative-sponsored constitutional amendments take effect then the Kenyan government will have to effect structural chang...
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Kenya adds Ksh.1.2T to debt stock in 2020
By Kepha Muiruri,
1549, February 1, 2021 (EAT)
Kenya added Ksh.1.2 trillion to its debt portfolio in 2020 as the country’s stock of debt hit Ksh.7.3 trillion in December from Ksh.6 trillion a yea...
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Take charge of your future, Uhuru urges the youth
By PSCU,
1915, January 31, 2021 (EAT)
President Uhuru Kenyatta has urged the youth to take charge of their future as he rallied them to support the Building Bridges Initiative (BBI). Sa...
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Drivers charged with smuggling ethanol worth Ksh.10.8M
By Citizen Reporter,
753, January 30, 2021 (EAT)
Two truck drivers have been separately charged with smuggling ethanol worth Ksh. 10.8 million and Ksh. 3.2 million respectively. They appeared befo...
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Kenya saves Ksh.121B from fall of oil prices last year
By Kepha Muiruri,
1354, January 29, 2021 (EAT)
Kenya save Ksh.121 billion ($1.1 billion) in foreign exchange from the fall of international oil prices across 2020. Kenya’s oil bill, which repr...
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Two convicted in Kapenguria for smuggling sugar from Uganda
By Citizen Reporter,
1251, January 29, 2021 (EAT)
Two suspects have been convicted in Kapenguria after they were found guilty of smuggling sugar from Uganda. Kapenguria Senior Principal Magistrate ...
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Kenya’s economy slumped into recession after 18 years in September
By Kepha Muiruri,
827, January 28, 2021 (EAT)
The Kenyan economy sunk to its first recession after exactly 18 years in September 2020 with gross domestic product (GDP) falling by 1.1 per cent in t...
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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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61 per cent of half-year tax revenues eaten up by debt payments
By Kepha Muiruri,
1826, January 25, 2021 (EAT)
Data now shows that 61.4 per cent of all taxes raised between July and December 2020 or about 61 shillings for every 100 shillings raised by the gover...
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