The Act introduces a 3% tax on income earned from the transfer or exchange of digital assets. The owner of the platform or the person facilitating the transfer or exchange of a digital asset must withhold the digital asset tax and remit it to the Commissioner within five working days after ...
The Bill proposes various changes to the Income Tax Act (ITA), the VAT Act, 2013 (VAT Act), Excise Duty Act, Tax Procedures Act, 2015 (TPA), and the Miscellaneous Fees and Levies Act among other non-tax statutes. All the proposed changes will be effective 1 July 2024 unless stated...
The 2023 version was challenged in court following a round of violent street protests last year led by opposition parties. Ruto's government used the 2023 law to double the value-added tax on fuel, introduce a housing tax and raise the top personal income tax rate. (Reporting by...
In addition, the Finance Act of 2023 introduced a 3% tax on income generated from the sale of digital assets, including cryptocurrencies and non-fungible tokens (NFTs). This tax policy indicates the Kenyan government’s intent to incorporate digital assets into its formal tax framework, signaling ...
According to Ms Ongaki, a person operating short-term letting is generally required to file tax returns and pay income tax on the income earned. At the same time, under the Tourism Act, any commercial income from the use of property is subject to income tax at rates between 10 percent ...
income tax would be reduced from 30 to 25% and that the turnover tax rate would be reduced for Micro, Small, and medium enterprises from 3 to 1%. In addition, the plan included 100% tax relief for anyone in the low-income earner's category. In addition, the Ministry of Labour and ...
The foundation of this healthcare revolution lies in four pivotal laws geared towards Universal Health Coverage: the Primary Health Care Act, 2023; the Digital Health Act, 2023; the Facility Improvement Financing Act, 2023; and the Social Health Insurance Act, 2023. ...
Rural non-poor households lose because of high- income tax payments and a low increase in their factor incomes, particularly labour incomes. Elnour et al. Malaria Journal (2023) 22:117 Page 12 of 19 Fig. 7 Effects on household welfare across malaria epidemiological and agro...
No, provision of a current tax-residency certificate is not sufficient for treaty access as Kenya has a limitation of benefits clause under its Income Tax Act, as detailed in question 2.6. 2.4 Has the advent of BEPS (the Base Erosion and Profit Shifting initiative of the OECD) had any effe...
Omulo, Cogent Arts & Humanities (2023), 10: 2264025 https://doi.org/10.1080/23311983.2023.2264025 HISTORY | RESEARCH ARTICLE Revisiting Kenya's defunct Building Bridges Initiative: Quest for justice, or manipulation of collective memory for political expediency? Received: 21 March 2023 Accepted: 23...