Kenya has enacted theTax Laws (Amendment) Bill 2024and theTax Procedures (Amendment) Bill 2024, effective from 27 December 2024. Among the key provisions are a new minimum top‑up tax (MTT) on multinational enterprises (MNEs) and a significant economic presence (SEP) tax for non‑resident...
Traders are currently complaining.tax revenue The growth is relatively high. They ask the IRS to cut taxes and protect their businesses. Kenya's Inland Revenue Department said that the issue of high import tax on trade has been raised by Gikomba wholesalers before. This problem has been solved ...
“Specific tax measures to be implemented include…to establish a clear framework on the exchange of information (EOI) with other tax jurisdictions for both domestic taxes and customs to ensure the flow of information e.g. valuation of high-risk imports from China and Transfer pricing pa...
Create tax rules to automate taxes in Zoho Books. These rules will be used to apply tax rates to transactions automatically. 21 January 2022 Customise SMS Templates You can now customise the SMS templates for organisations with the Twilio integration. You can either choose from the predefined temp...
The Kenya Revenue Authority (KRA) has revealed plans to backdate the taxes it hasn’t collected during the suspension of the controversial Finance Act 2023 should the High Court lift the freeze order in what promises to be a double blow to salaried workers who had escaped the July ...
Browse our in-depth guides covering corporate tax, indirect tax, personal taxes, transfer pricing and law matters in more than 150 countries.
Kenya Revenue Authority(KRA) tax collections in the just ended 2020/21 financial year reached a new record of KSh 1.669 Trillion compared to KSh 1.607 Trillion the previous year. As reflected in the 2021 budget policy statement, the revenue target was KSh 1.652 Trillion, which KRA surpassed wit...
READ MORE Kenya: Ruto burdens Kenyans with increased taxes to deliver on promises Edwin Sifuna, the opposition’s deputy minority whip in the Senate, says Kenya’s working class needs a break from Ruto’s proposed taxation policies. “You can choose to milk one cow till it just tilts a...
IRS officer Nitin Gupta Chairman of the Central Board of Direct Taxes (CBDT) Ramesh Bafna Chief Financial Officer of Coin Switch Justice Satish Chandra Sharma Chief Justice of the Delhi High Court Akash Ambani Chairman of the telecom unit, Reliance Jio Infocomm Ltd Isha Ambani Chairman of the ...
NAIROBI, Kenya (AP) — Tanzanian President Samia Suluhu Hassan is on a two-day state visit to Kenya aimed at improving trade relations between the two East African neighbors which had deteriorated as a result of her predecessor's denial of COVID-19.