The Government of Kenya has mandated that any person above the age of 18 years should acquire an Identity Card that will enable him/her to apply for the very important KRA pin. Even College and University students are required to apply for the KRA iTax Pin in order to be advanced theHELB...
Every citizen is expected within a given period of time allocated to meet up their citizen’s obligations which are payment of their taxes in order to avoid tax invasion. There are always penalties that follow late payment or taxes which almost all the citizens of Kenyans are victims of becau...
making them rigorous enough to maintain control and provide the necessary information, but not so time-consuming and burdensome that following them saps employee productivity. Software can play a critical role in improving productivity for business expense approvals, giving finance the ability to build...
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...
Whether the shipment is Duties & Taxes Paid (DTP), meaning you, the shipper, incurs the full costs of the shipment, or Duties & Taxes Unpaid (DTU), whereby all fees will be paid by the consignee. Who is responsible for the Waybill?
The prevailing rate of personal relief in Kenya is Kshs. 16,896 per annum (i.e. Kshs 1, 408 per month) as from January 1 2018. Anyone with an education, health, or life insurance policy, is entitled to a 15% insurance relief of the amount of premiums paid for self, spouse or ch...
Global payroll processorsuse their own software to process your payroll, transmit funds, and calculate and file taxes in different countries. They allow you to pay local and international employees the same way: quickly, easily, and together in a single pay run. ...
company, the Health ministry may be in breach of the tobacco treaty, known as the Framework Convention on Tobacco Control. Joel Gitali, the head of the Kenya Tobacco Control Alliance, told The Examination that under the treaty “the industry is not supposed to take part in policy...
If you own the business you’re going to be keeping the books for, learning all you can about how to keep your own finances straight, will save you time and money come tax season. When you use QuickBooks Online Accountant, you can join the QuickBooks Pro Advisor program, which offers cou...
“We had moved back to Kenya after our family sold off a rubber shoes business in Tanzania.” In the beginning, he designed the products from the experience he had gained in rubber shoe manufacturing, having worked in his father’s factory in Tanzania, and in Nakuru at Viatu Lim...