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Kenyans in last minute rush to file taxes ahead of Friday deadline

Kenyans in last minute rush to file taxes ahead of Friday deadline
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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KRA: No more tax relief

KRA: No more tax relief
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

William Ruto , Kenya Revenue Authority , Kenya Revenue Offices , Kenya Kwanza , President William Ruto ,

Widen the tax base but sealing the leaks is a greater strategy

Widen the tax base but sealing the leaks is a greater strategy
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Nairobi Area , William Ruto , Uhuru Kenyatta , Times Tower Building , Kenya Revenue Offices , President William Ruto , President Uhuru Kenyatta , President Ruto ,

Tax revenue dipped by Sh89b in January


THE STANDARD
BUSINESS
Times Tower Building in Nairobi which hosts Kenya Revenue Offices (KRA). [Wilberforce Okwiri, Srandard]
Kenya Revenue Authority (KRA) collected Sh89.6 billion less in January compared to the same period in 2020.
According to the latest statement from the National Treasury, the taxman netted Sh784.9 billion in the first seven months of the 2020-21 financial year, which was a 10.2 per cent drop from the Sh874.5 billion collected last year.
Despite acknowledging that the economy will struggle to find its footing in the next financial year starting July, Treasury pushed up its tax collection estimates in its final Budget Policy Statement for 2021 from the draft estimate released earlier. ....

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How poor Kenyans are carrying tax burden for inefficient firms


THE STANDARD
By
Dominic Omondi |
January 24th 2021 at 00:00:00 GMT +0300
Times tower building in Nairobi which hosts Kenya Revenue Offices (KRA). [Wilberforce Okwiri, Standard]
President Uhuru Kenyatta’s grand dream of boosting the manufacturing sector to create millions of jobs for unemployed youth seems to be in shambles.
And now his administration wants out of the plan to support local manufacturing firms with a mixture of tax incentives, low tariffs and bailouts because they have become dead weight.
Several studies have shown that these companies have not increased investments, exports or jobs despite enjoying the tax breaks.
Already, the National Treasury has rolled back several tax holidays enjoyed by some of the firms, including those in the Export Processing Zones (EPZ) after it became apparent that taxpayers were getting a raw deal. ....

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