Unveiling the Scandal In a stunning revelation, a recent audit has brought to light how Nairobi City Hall has been banking billions of shillings into the Kenya Revenue Authority...
The Motorists Association of Kenya has taken a firm stand against the proposed 2.5% motor vehicle circulation tax, warning of dire consequences if the tax is implemented. In a...
The Kenya Revenue Authority (KRA) has received an additional Sh12 billion allocation aimed at intensifying its efforts to clamp down on tax evasion and enhance revenue collection. This substantial...
Bigger Worries Than Bread Tax May Lurk in Kenya’s Finance Bill 2024 As Kenya’s Finance Bill 2024 makes its way through the legislative process, the spotlight has been fixed...
What you need to know: KRA has asked landlords to ensure their rents are in line with market changes. A rent increase could also hurt workers who have seen...
“Attention Landlords: New Housing Levy in Effect! Starting May 9th, landlords are now required to remit 1.5% of their gross rental income, as mandated by the Affordable Housing Act...
Disclaimer: The following insights are based on a draft of the Finance Bill, 2024, currently circulating. Please note that this draft has not yet been confirmed as the official...
Taxation of Fringe Benefits: Fringe benefits are additional perks or benefits provided by an employer to an employee, beyond their salary or wages. These benefits can include things like...
An official document provided by KRA that certifies you have filed and paid all of your taxes is called a Tax Clearance Certificate, or TCC. KRA provides...
”The wealthiest 8, or less than 0.1% of the population, own more than the poorest 99.9%, or over 44 million individuals. In Kenya, the top 10% of earners made...