20 Jul 2023 Subject Tax Alerts Categories Individual Taxation, Corporate Tax Jurisdictions Kenya Facebook Twitter LinkedIn The changes will affect the imposition of income tax, value-added tax, excise tax and various fees and penalties, as well as general tax compliance requirements. Income ...
Notes: Data was converted from local currencies using average exchange rates of the respective year. Most recent update: Nov 2024 Source: Statista Market Insights Comparable Estimates - Media (Worldwide) Access data in trillion USD (US$) Please wait Notes: The chart “Comparable Estimates...
2023 5-year trend Interest Income Interest Income 31.56B 32.12B 32.66B 41.05B 54.26B Interest Income Growth Interest Income Growth - 1.77% 1.68% 25.67% 32.20% Interest and Fees on Loans Interest and Fees on Loans 22.55B 22.3B 23.1B 30.68B 44.25B Interest Income on Fed. Funds Interest Incom...
relevant offering documents and seek independent legal, tax and regulatory advice. In particular, we recommend you to seek advice regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs, before you make a commit...
Kenya’s population and economy are growing rapidly. Fertility rates in Kenya are some of the highest in the world, with an average of about four children born for every woman. This, coupled with concerted efforts to abate the country’s rampant AIDS epidemic, have increased life expectancy. ...
NAIROBI, Kenya, 2023-Apr-6 — /REAL TIME PRESS RELEASE/ — Coming from Nairobi the first glimpses of the spectacular rift Valley are breathtaking. The escarpment on which the city rests crashes sheer to the floor of a volcano-studded valley hundreds of meters below, across which savannah gra...
The National Assembly approved the Taxation Laws (Amendment) Act 2020 providing income tax relief to low income earners (less than Ksh24,000/month), reduction of corporate and individual income tax rates from 30% to 25%, reduction of turnover tax rate on all micro, small and medium enterpris...
The average 12-month US dollar Libor stood at a record of 5.85 percent in June 2023 — when it was last published— marking its end as a global benchmark, a sharp climb from 0.2 percent lows in November 2019. The rising base interest rates this fiscal year have prompted the Treasury to...
Petroleum products. The bill proposes increasing the value-added tax on petroleum products from 8% to 16%. The increase in VAT rates on petroleum products, including petrol and diesel, is expected to lead to higher fuel costs and affect the overall cost of living for consumers...
Net Income Ksh16.37B 2023 Sales Growth 25.70% Employees N/A Board of Directors Abdi Mohamed Chief Executive Officer, MD & Director Yusuf Kungu Omari Chief Financial Officer & Executive Director Fulvio Tonelli Non-Executive Director Charles Kahara Muchene Chairman Charles Njenga Murito Ind...