…The legislation, dubbed Finance Bill 2024, was introduced in Kenya’s Parliament for debate in May. It calls for increases in taxable incomes, excise duties and value-added taxes, and introduces new income tax categories to the country’s finance laws. …Among the clauses in the tax ...
On 1 September 2023, the government of Kenya issued, through a public notice, clarifying guidelines on the implementation of the tax amnesty on penalties and interest on unpaid taxes for the period ending 31 December 2022. The tax amnesty was introduced by the Finance Act 2023 and is effective...
MOGADISHU, Somalia -Al-Shabaab militants run consistent but unequal tax brackets in Somalia, it has been established, with the group mostly targeting the route from Kismayo to Dhobley near the border with Kenya, while the Mogadishu to Kismayo route seemingly being the least productive to the gr...
Last year, Kenya also proposed a Finance Bill 2023 that demands taxing digital content creators. Unsurprisingly, the proposed 15% withholding tax, significantly higher than the 5% rate for professional services, sparked significant debate. However, unlike some of these other countries, Ghana offers ...
They included reducing the number of brackets from seven to three; lowering individual rates, including a cut in the top rate from 39.6 percent to 35 percent; setting the corporate tax rate at 15 percent; repealing the alternative minimum tax and the estate tax; repealing a 3.8 percent surtax...
The calculations were based on numbers from years ago. Since then, federal spending on programs has changed and so havefederal income tax brackets, meaning these numbers are outdated. The article doesn’t touch on "corporate subsidies" at all, nor is there a line for them on the2013...
…The legislation, dubbed Finance Bill 2024, was introduced in Kenya’s Parliament for debate in May. It calls for increases in taxable incomes, excise duties and value-added taxes, and introduces new income tax categories to the country’s finance laws. …Among the clauses in the tax ...