In Kenya, contributions to a registered pension scheme are tax-exempted up to a maximum of Sh20,000 per month or Sh240,000 per year. This means that by investing in a pension plan, you can reduce your taxable income by up to Sh240,000 per year, which can help to...
That allows you to collect taxes owed, and from there you’ll be able to calculate what you owe to the various countries, and remit it to them. US ecommerce tax — sales taxes The US uses sales taxes instead of value-added taxes. A sales tax charges the customer a percentage of the...
The experiences in Ghana, Nigeria, and Uganda points to the need for credible implementation plans for the additional capital in Kenya. It also shows that the CBK should be ready to take the necessary steps to enforce compliance to keep banks on track. Of Kenya’...
When we founded ForexBrokers.com in 2016, we knew that we wanted to make it easier for traders to identify secure, reliable brokers. It’s a harsh reality; not every player in the finance industry is trustworthy, and not every company that offers brokerage services has your best interests a...
Tala, a microlending company servicing customers in Kenya, Mexico, the Philippines, and India, asks every user to provide basic data first. Doing so allows them to conduct a preliminary KYC check for unbanked customers and weed out fraudsters. ...
Reimbursing employees' spending can be tricky due to its multiple steps. It is advisable to establish a plan to go through this process without difficulties. Make an accountable plan that lets you accurately calculate mileage, disburse payments, and balance the books without hassle. Ensure your pla...
The basic principle of DID is to calculate changes before and after an event 2174 Journal of Geographical Sciences Table 1 List of selected countries and their classifications of different income groups Income groups Countries Low-income Burkina-Faso, Ethiopia, Gambia, Madagascar, Mozambique, Rwanda,...
An initial step in the matching procedure is to calculate the probability of participating in IMF-supported programs conditional on observable economic and political conditions, estimated via a probit model.Footnote4The next step entails generating matches of similar probabilities, or propensity scores, ...
The single limit for foreigners to remit abroad with the Bank of China is USD 50,000. If the limit is exceeded, it is necessary to hold documents proving the transaction amount and the Tax Filing Form for Foreign Payment of Service Trade and Other Items stamped by the competent tax authorit...
Individuals and corporations must pay income on wages earned and profits, respectively. A vast majority of countries host their own respective tax systems that have their own rules, regulations, and jurisdictions. It is important to understand the general differences in some of the larg...