Kenyans should brace themselves for higher taxes in the next financial year with the government seeking to increase the revenue collection target, which is expected to finance an expanded budget.
The excisable goods trade is a critical revenue mobilisation sector for ordinary revenue collections in excise taxes.
The retirement benefits sector has been tipped to benefit from the new Tax Laws (Amendment) Act.
Kenyans are bracing for a fresh wave of economic hardship as a raft of new taxes, introduced under the Finance Act, 2024 came into effect.
A damning report by AfriCOG accuses Parliament of failing to fulfill its constitutional duty regarding government borrowing, leading to a ballooning national debt and a future burden on taxpayers.
Salaried workers have been offered relief as KRA issued guidelines on how to calculate Pay As You Earn (Paye) following enactment of the Tax Laws (Amendment) Act, 2024.
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