Tag: Taxes
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KBA Warns Proposed VAT on Repossessed Assets Could Raise Loan Costs
The Kenya Bankers Association has warned that Kenyans could face higher borrowing costs if the Kenya Revenue Authority is allowed to impose Value Added Tax (VAT) on the sale of repossessed assets. In submissions before the Tax Appeals Tribunal on Sunday, May 24, the bankers’ lobby argued that the proposal contained in the Finance Bill…
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Kenya Revenue Authority Clarifies How Businesses With Zero Profit Should File Tax Returns
The Kenya Revenue Authority has clarified how businesses should handle annual tax filings, even when they have not made any profits. In a statement shared on X, formerly Twitter, the tax authority said businesses that recorded zero profit are still required to submit tax returns. According to Kenya Revenue Authority, companies must declare any income…
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Mbadi Defends 25% Mobile Phone Tax, Says New Levy Will Cut Overall Device Costs
Treasury Cabinet Secretary John Mbadi has moved to allay public fears over a proposed 25 per cent excise duty on mobile phones contained in the Finance Bill 2026, insisting the measure is designed to simplify taxation and lower the overall tax load currently imposed on devices. The proposal has sparked concern among Kenyans, with critics…
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KRA Tightens Surveillance on Mobile Money to Catch Nil Return Taxpayers
Kenya’s tax authority is tightening its grip on digital financial activity, placing millions of mobile money users under closer watch as part of a renewed push to seal revenue leakages. The move signals a shift toward data-driven enforcement, targeting individuals whose declared income does not match their transaction history. The Kenya Revenue Authority (KRA) says…
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SACCO Members in Kenya Set for Relief as KUSCCO Pushes Tax Waiver Proposal
Savings and Credit Cooperative Organisation (SACCO) members in Kenya could soon benefit from tax relief if new proposals submitted to the National Treasury are approved. In submissions made on Thursday, March 19, the Kenya Union of Savings and Credit Co-operatives urged the Treasury to scrap excise duty on member-based SACCO transactions. The union argued that…
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FKE Calls for Immediate Reduction of Taxes and Statutory Deductions on Kenyan Workers
The Federation of Kenya Employers (FKE) has urged the government to cut statutory deductions and taxes affecting both public and private sector employees, warning that high levies are eroding salaries and discouraging formal employment. FKE Chief Executive Officer Jacqueline Mugo, speaking on Tuesday, March 18, said the combined burden of taxes, mandatory deductions, and rising…
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President Ruto Announces Tax Relief for Low-Income Kenyans Amid Venue Criticism
President William Ruto has unveiled a major tax relief plan aimed at easing the financial burden on low-income earners. The announcement, made today, includes measures to exempt more than 1.5 million workers earning KSh 30,000 or less per month from paying income tax. Additionally, around 500,000 employees earning up to KSh 50,000 will see their…