More
    HomeKRA

    KRA

    KPA wins first phase of Sh1.9 billion dispute with KRA

    The High Court has temporarily set aside an order stopping the Kenya Ports Authority (KPA) from accessing its seven bank accounts over an Sh1.9 billion tax dispute with the Kenya Revenue Authority.Justice John Mativo issued the directive after KPA, through Lawyer Cecil Miller, told the court that their operations are on the brink of closing down.“If the court does not intervene as a...

    Treasury raises tax goal for KRA by Sh33 billion

    The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG The Treasury has raised the target for tax collections this financial year by Sh33.7 billion on the back of a stellar performance in the first 10 months.Treasury secretary Ukur Yatani last Friday revealed a new tax goal of slightly more than Sh1.74 trillion for the fiscal year ending June, marginally higher than...

    Wangui Ngirici appoints former KRA boss as running mate

    Kirinyaga governor aspirant Wangui Ngirichi has appointed former KRA boss Eliud Wanjao as her running mate ahead of August.The two will be vying as independent candidates after Ngirici exited Deputy President William Ruto's UDA party.Ngirici took to her social media account to update the developments.She posted their photos and said: "The dynamic duos, earthquake 1, episode two loading," she posted.Eliud Wanjao isn’t new...

    Threat of high gas prices in KRA standoff with truckers over tax

    A truck ferrying liquid petroleum gas. There has been a snarl-up of trucks at the Kenya-Tanzania border town of Namanga following an impasse on clearing trucks. FILE PHOTO | NMG The snarl-up of trucks carrying cooking gas at the Namanga border looks to continue after the taxman said it would not issue clearance certificates until traders pay the required levies.The Kenya Revenue Authority (KRA)...

    Manufacturers protest new KRA fuel, beer tax powers

    KAM’s outgoing chief executive Phyllis Wakiaga. FILE PHOTO | NMG Manufacturers want the proposed powers to exempt excisable goods like fuel, beer and bottled water from annual price raises due to inflation to be taken away from Kenya Revenue Authority to the lawmakers, citing conflict of interest.The Kenya Association of Manufacturers (KAM) in a memorandum to the National Assembly argues the Public Finance Act...

    KRA to be renamed Kenya Revenue Service in new bill

    Lawmakers are considering a bill seeking to rename Kenya Revenue Authority to Kenya Revenue Service.The state-backed Kenya Revenue Authority (Amendment) Bill, 2022 is due for first reading when the National Assembly resumes regular sittings on Tuesday.“The principal object of the bill is to amend the Kenya Revenue Authority Act, 1995 by changing the name ‘Kenya Revenue Authority’ to ‘Kenya Revenue Service’,” Majority leader...

    Cash-strapped Posta fails to remit Sh1.8bn workers’ pension, KRA dues

    Postmaster-General Dan Kagwe. FILE PHOTO | NMG The loss-making Postal Corporation of Kenya (PCK) has failed to remit employee and taxman dues amounting to Sh1.8 billion, underlining the deepening cash flow crisis.Posta is struggling to honour payroll taxes and retirement benefits, according to a report submitted to lawmakers by Auditor General Nancy Gathungu.“The trade and other payables balance included pensions and gratuities deductions amounting...

    Reit subsidiaries await income tax exemption from KRA

    Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). Picture taken on Thursday, October 15, 2020. PHOTO | DENNIS ONSONGO | NMG Kenya Revenue Authority has not published regulations that will formally exempt subsidiaries of real estate investment trusts (Reits) from income tax.The move to exempt the operating units of the Reits started three years ago but the taxman is yet to...

    Gamblers to pay KRA 20pc of stakes before betting

    National Treasury Cabinet Secretary Ukur Yatani addressing the media at parliament buildings after unveiling the Sh3.3 trillion Budget on April 7, 2022. PHOTO | JEFF ANGOTE | NMG Gamblers will pay a fifth or 20 percent of the cash they have set aside in their wallets for betting in a proposed tax aimed at curbing the practice that has become a near national pastime.Treasury...

    Queries in KRA plan for 50pc tax appeal deposit

    Times Tower in Nairobi, the headquarters of Kenya Revenue Authority. PHOTO | DENNIS ONSONGO | NMG Tax experts have raised constitutional questions over a proposal requiring firms and individuals to deposit half of tax demands by the Kenya Revenue Authority (KRA) before escalating the dispute from the appeals tribunal to the High Court.They argue that passing the proposed changes to the Tax Appeals Tribunal...
    WP Radio
    WP Radio
    OFFLINE LIVE