The National Treasury in the budget presented this month raised mobile money excise tax from 10 percent to 12 percent. Kenya's three mobile money service operators namely Safaricom, Telkom and Airtel protested the new tax, noting it will hurt the poor most and undo most of the gains made in...
Link buttons, images, galleries, social icons, text & more to a specific web address, page, email or document. It’s EASY. How to Add a Link to a Button 01 In the Editor, click on the button you want to use 02 Click on the Link icon 03 Add a web address & click Done Privacy...
The 10-percentage point rise on import taxes has also ended up increasing the other taxes on cars such as the excise duty and value added tax (VAT) as these taxes are loaded and paid cumulatively in that order. The Kenya Auto Bazaar Association, which represents second-hand car dealers, ...
NAIROBI, March 5 (Xinhua) -- A plan by Kenya to impose 16 percent value added tax (VAT) on petroleum products in the third quarter of this year would push up inflation to at least 8 percent, according to analysts. The taxation, which would start in September, is expected to add some ...
Kenya (% pa) 14.37 Apr 2023 monthly Dec 2003 - Apr 2023 South Korea (% pa) 3.10 Oct 2024 monthly Jul 2001 - Oct 2024 Latvia (% pa) 3.10 Oct 2024 monthly Jan 2001 - Oct 2024 Lebanon (% pa) 6.00 May 2023 monthly Mar 2005 - May 2023 Lithuania (% pa) 2.88 Oct 2024 monthl...
Kenya’s tax-to-GDP ratio has been on a downward trajectory after the country implemented policies that have ended up narrowing the tax base.
12 December 2023 Configure Default Tax for Shipping Charges You can configure a default tax that will be automatically applied to shipping charges in transactions. If you have tax automation enabled, you can associate a tax rule based on which the tax rates will be applied. You can configure...
In effect, the tax authority is imposing VAT based on clients’ tax residence instead of the place of delivery. The authority adds that the scope of services subject to VAT is broad, and includes software and applications; digital content such as online games; movies and music; remote equipmen...
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Ultimately, these monetary policy changes in Kenya carry significant implications for the everyday lives of Kenyans, impacting the cost of borrowing, business operations, and the overall cost of living. While aiming for long-term economic stability, these changes pose substan...