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Safaricom scoops top taxpayer award, its positive impact on the economy still unmatched

In this article, I’d talked about Safaricom playing a major role in Kenya’s economic growth and being one of the main key drivers of a dynamic private sector that continues…

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TECHNOLOGY

How To File For Introduced Turn Over Tax (TOT) For Your Micro And Small Enterprise In 2020

At the beginning of 2020, Turnover Tax (TOT) officially came into effect. TOT is the tax payable by small businesses whose gross sales do not exceed Ksh5 Million per year….

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KENYA

KRA Gets The Full Backing Of The law To Interrogate Personal Finances And Records

Kenya’s tax system is based on tax declaration, more often taxpayers do not disclose either by design or omission of their income sources forcing stringent follow-ups by the Kenya Revenue…

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BUSINESS KENYA

Shipping lines To Avail Billions In Taxes As KRA Gets High Court Nod

A Nairobi High Court has allowed Kenya Revenue Authority to collect Withholding Taxes from shipping lines on container demurrage charges. The Withholding Tax from different shipping lines amounts to over…

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TECHNOLOGY

KRA Agent Faces 12 Counts Of Tax Evasion In Millions

The Kenya Revenue Authority (KRA) has arraigned a clearing and forwarding agent in court for evading taxes amounting to more than Ksh 97 million. The accused, Dickson Ogola, was arraigned…

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TECHNOLOGY

Unregistered Forex Brokers and Money Managers Warned By Authority

Capital Markets Authority has ordered all foreign exchange brokers and money managers to cease and desist from trading, conducting sensitizations in Kenya and onboarding Kenyan investors or managing online foreign…

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KENYA

Government benefits for using citizens’ accurate and immutable statistical data

Every country needs basic verifiable information on its residents to aid in the planning, development, and improvement of the residents’ quality of life. Good planning is based on reliable, up-to-date,…

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TECHNOLOGY

KRA To Answer Questions On Contraband Sugar After Claims Of Involvement

KRA will today appear in a joint committee session following the recent sustained crackdown on contraband goods. The Speaker of the National Assembly Hon Justin Muturi has directed that issues…

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KENYA

KRA officials to receive training to aid in tracking down tax offenders

Kenya Revenue Authority (KRA) in conjunction with the Organisation for Economic Co-operation and Development (OECD) will be hosting a two week training to equip financial crime investigators, prosecutors, financial analysts, and judicial…

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BUSINESS

Government imposes a 20% tax on bet winnings

The Treasury yesterday gave the clearest signal yet that it will vigorously pursue gamblers for a share of the lottery and betting windfalls with a planned re-introduction of a 20…

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BUSINESS

KRA reconfigures iTax system for the filling of Nil returns

Filing of 2017 tax returns, which started on January 1 this year and runs up to June 30, enters the third month in a week’s time setting the stage for…

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BUSINESS KENYA

KRA to slap a Ksh 20,000 penalty on Tax cheats

Did you file your 2015/2016 taxes? Well, the Kenya Revenue Authority is stepping up its hunt for citizens and businessmen who missed the June 30, 2017, deadline. According to the…

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PAYE BUSINESS KENYA

PAYE: Expect to see some changes in your January payslip as employers enact the new Finance Act (2016)

New PAYE Rates Monthly Taxable Pay (Ksh.) Annual Taxable Pay (Ksh.) Rate of Tax Up to 11,180 Up to 134,164 10% 11,181 – 21,714 134,165 – 260,567 15% 21,715 –…

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BUSINESS

KRA Intercepts Foreign Currency at JIKA

Kenya Revenue Authority (KRA) officers at Jomo Kenyatta International Airport (JKIA) have intercepted a consignment of foreign currency enroute Fuerth, Germany. The consignment consisting of  2,350,000 Congolese Franc, Ushs. 21,200,000,…

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KENYA TECH NEWS

Apparently taxi hailing services like Uber are not transport companies but rather software companies going by the latest KRA ruling

For quite some time the Kenya Revenue Authority (KRA) has been pondering on how to collect Value Added Tax (VAT) from the taxi transport system. Initially KRA had opted to…

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BUSINESS

Pre-clearance systems to facilitate faster movement of cargo from Port of mombasa

Kenya Revenue Authority has begun the roll out of the Pre-arrival Cargo Clearance System (PVOC) aimed at speeding up the movement of Cargo from the Port of Mombasa to intended…

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BUSINESS KENYA

KRA has an app to verify tax excise stamps

KRA has an app to scan the stamps on consumer products to check if they are genuine or not. There are tons of counterfeit products in the market from dry…

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BUSINESS

Kindly remind your landlord to pay the residential rental income tax to KRA

One thing the government has been doing since Kibaki’s time is to expand tax base in order to collect more and more of the much needed revenue, and one such…

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KENYA

KRA ’s missed tax target could affect employment in Kenya

The Kenya Revenue Authority (KRA) missed its half year tax collection targets by Sh47.6 billion. This will affect the economy since the budget will be ‘little’. The treasury provided that…

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KENYA

Revenue authority wins marketing excellence award for its iTax solution

The Kenya Revenue Authority (KRA) won the Marketing Society of Kenya (MSK) award. The Authority’s efforts to transform its domestic taxes service provision capacity through the iTax solution platform received…

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BUSINESS

KRA Is Targeting Small And Medium Enterprises To Grow Tax Base

Small and medium sized enterprises will not have an opportunity to enjoy full profits from their products since KRA is targeting small and medium enterprises. Well, it’s widely known KRA…

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KENYA

KRA Targets 20,000 incompliant landlords in Tax amnesty for rental income

Landlords who will heed to KRA’s window period to file tax records within the given time will not face penalties. To reinforce the call of amnesty, the Authority body has…

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BUSINESS

Kenyans to face the law if found in possession of excisable goods from unauthorized manufacturers

Here is a list of authorized manufacturers and importers Pursuant to Section 90 and Section 116 (B) of the Customs and Excise Act, CAP 472 of the Laws of Kenya,…

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KENYA

KRA to crackdown tax cheats through their bank accounts starting 2017

Amid calls of amnesty by the Kenya Revenue Authority  to individual landlords to file their taxes as from year 2013, the body has also hinted on a data matching and…

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KENYA

Kenya Revenue Authority provides a soft landing for manufacturers and importers of Excisable goods

For the longest time, Kenya Revenue Authority has been blamed by manufacturers for failure to properly coordinate implementation of legal requirements which has for the longest time closed out manufacturers…

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KENYA TECH NEWS

iTax scoops Best Award and Exhibition Experience at a prestigious awards ceremony

  The Kenya Revenue Authority (KRA) has been awarded the Best Award and Exhibition Experience at the just concluded 5th Edition of the African Public Service Day held in Brazzaville,…

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KENYA TECH NEWS

Historic moment as KRA hits the 2 million mark for users filing their returns through the new iTax online platform

Kenya Revenue Authority has sealed a major milestone in its organizational transformation journey, with the registration of its 2 millionth iTax client . As at midnight Tuesday (30th June), the KRA’s, taxpayer recruitment drive,…

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KENYA

Kenyans celebrate benefits of KRA’s new system as it registers 1.6 million taxpayers

Kenya Revenue Authority has in the recent past made efforts to make tax payment easy by providing digital platforms. First, the Authority body rolled out online services in which tax…

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KENYA TECH NEWS

iTax services extended to Huduma Centers

Kenya Revenue Authority (KRA) has extended its iTax support services to an additional 16 Huduma centres bringing the total number of service centres to 22 The expansion has increased KRA’s…

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KENYA

KRA to clarify on the iTax System on Thursday 18th June

There is no escaping the great leaps in technology and just about everyone is now either on that bandwagon or making active plans to get onto it. In 2012, Kenya…

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