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Kenindia Assurance Company News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Insurance firms raise premiums on new VAT charges

Insurance firms raise premiums on new VAT charges
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

James njoguHead of group tax at britamKenindia assurance companyFinance actSums insuredGroup tax

Storm over State plan to tax insurance payouts

Insurance customers will start parting with 16 percent tax on the money paid to them by insurers.

South africaTom gichuhiPricewaterhousecoopers pwWilliam rutoAssociation of kenya insurersInsurance regulatory authoritySony holdingsKenya revenue authorityKenindia assurance companyFinance billValue added taxRegulatory authorityKenya insurersPresident william rutoTax appeals tribunalFinance bill 2023

Insurers Record Sh6 34 Billion Underwriting Loss On Reopening Of The Economy – InsuranceNewsNet

General insurers posted the greatest underwriting loss in the decade during the fourth quarter of 2021 as they almost doubled losses from insuring commercial and private vehicles. According to Insurance Regulatory Authority, the underwriting losses which are the difference between premiums collected and claims plus expenses paid grew almost fivefold.

Kenindia assurance companyInsurance regulatory authorityRegulatory authorityBritam assuranceAssurance company

Insurers record Sh6 34bn underwriting loss on reopening of the economy

NAIROBI, Kenya March 29-General insurers posted the greatest underwriting loss in the decade during the fourth quarter of 2021 as they almost Kenya breaking news | Kenya news today |

Nairobi areaKenindia assurance companyInsurance regulatory authorityKenya marchBritam assurance

Reprieve for Westgate over Sh600 million tax dispute

THE STANDARD NATIONAL The High Court in Nairobi has affirmed the decision by the Tax Appeal Tribunal that insurance disbursement of Sh600 million to Westgate Shopping Mall was not subject to tax. Justice David Majanja last week dismissed an appeal by Kenya Revenue Authority against Sony Holdings Limited. Sony Holdings is a company engaged in the business of developing, owning and letting real estate and its flagship project is the Westgate Shopping Mall from which it receives rental income. The mall was on September 21, 2013 subjected to a terror attack that led to loss of lives and property, which greatly affected its operations. The company held a terrorism and political violence insurance cover for property damage and loss of rent receivable in the sum of Sh6 billion and Sh1.2 billion, respectively with Kenindia Assurance Company Limited.

Nairobi areaJustice majanjaJustice david majanjaKenindia assurance companyNational treasuryKenya revenue authorityHigh courtSony holdingsTax appeal tribunalWest gate shopping mallDavid majanjaCabinet secretaryIncome taxTax appealSony holdings limitedநைரோபி பரப்பளவு

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