More than $400 million, about Sh51.6 billion, has already gone into Kenya’s electric mobility sector, covering vehicle assembly, battery technology, charging facilities and other related businesses, according to KAM.
By Maureen KinyanjuiThe Agriculture Cabinet Secretary said the Government was keen to resolve the VAT refund issue and would raise the matter with the Treasury.
By Bradley BosireThe authority said the illicit cargo could have denied the government Sh29.177 million in taxes had it reached the market.
By Chrispho OwuorThe President pointed to several commitments he made at the 2023 summit which he said had since been implemented. These include removing VAT on exported services, allowing verified tax refunds to be paid within six months or offset against future tax liabilities, and ending premature taxation of shares allocated to startup employees.
By Chrispho OwuorConsolidated cargo enables several small importers to ship their goods together in one container. By sharing the same container, traders can reduce shipping and other logistics expenses that would otherwise be incurred when each importer brings in a separate consignment.
By Bradley BosireMundalo cited Nyoro’s criticism of policies associated with his former Budget Committee role as evidence of what he described as political inconsistency
By Chrispho OwuorIncome tax has taken the biggest cut, with the projected collection reduced by Sh78.6 billion from Sh1.384 trillion to Sh1.305 trillion. The income tax category, which includes corporate taxes paid on profits as well as Pay As You Earn (PAYE) deducted from workers' salaries and wages, remains the largest source of the expected revenue decline.
By Maureen KinyanjuiTaking to his X account on Wednesday, Otieno said any future political unity must be anchored on economic sovereignty, job creation, lower taxes and the protection of public resources, as political realignments gather momentum ahead of the 2027 General Election
By Chrispho OwuorThe tax amnesty, which took effect on July 1 and will run until December 31, 2026, was brought back under the Finance Act, 2026. It allows taxpayers to enjoy a 100 per cent waiver of penalties, interest and fines on tax debts that accumulated up to December 31, 2025, as long as they meet the conditions set under the law.
By Maureen KinyanjuiFigures released by the tax authority show revenue collected through ADR climbed to Sh35.06 billion in the 2025/26 financial year, up from Sh15.3 billion recorded the previous year, translating to a 129.22 per cent increase.
By Maureen KinyanjuiKRA also surpassed its customs revenue target after collecting Sh988.8 billion against a target of Sh980.8 billion, achieving a performance rate of 100.8 per cent. Domestic revenue reached Sh1.851 trillion, equivalent to 93 per cent of the target for the financial year.
By Maureen KinyanjuiSpeaking on Radio Generation on Monday, Omtatah alleged that legal provisions within public finance laws had created opportunities for abuse and opened avenues for funds to be handled outside constitutional requirements.
By David AbonyoUnder the revised law, individual taxpayers will be required to file their income tax returns by the last day of the fourth month after the end of their year of income. For most individuals whose year of income ends on December 31, the filing deadline will now be April 30.
By Maureen KinyanjuiThe Finance Bill 2026, proposed several tax changes, including a deemed 5% tax on imported second-hand clothing (mitumba) based on customs value, which traders would pay at the point of importation
By Chrispho OwuorSpeaking on Radio Generation on Monday, Wamalwa said Members of Parliament had increasingly become aligned with the Executive at the expense of ordinary citizens struggling with the economic impact of taxation.
By David AbonyoA total of 122 MPs supported the Bill while 40 voted against it, with no abstentions recorded.
By Bradley BosireAlthough the National Assembly has 349 members, the voting pattern has become more fluid due to political realignments that blur party lines.
By Bradley BosireThe Senator argued that the Bill, in its current form, places locally assembled products at a disadvantage by making imported finished goods cheaper while increasing the cost of local production
By Chrispho OwuorGachagua also cautioned that MPs who skip the vote would be seen as taking a position against the interests of ordinary citizens, arguing that absence in such a decision cannot be neutral
By Bradley BosireRigathi Gachgua argued that the government's projected expenditure of Sh4.82 trillion was disconnected from the realities facing ordinary citizens
By Chrispho OwuorThe survey indicates that concerns over taxes are increasingly intertwined with wider cost-of-living pressures
By Chrispho OwuorMalala also pointed to what he described as a wide gap between the landed cost of fuel and retail prices, saying taxation was driving up costs at the pump.
By Chrispho OwuorAccording to Kindiki, Value Added Tax on petroleum products has been reduced from 16% as part of efforts to ease the burden on households and businesses facing rising living costs.
By Chrispho OwuorAccording to Ramogi, the conditions attached to borrowing agreements restrict governments’ ability to make independent economic choices. He argued that once countries take loans, they are effectively locked into a system that dictates key policy directions.
By Chrispho OwuorHe warned that Kenya’s debate on fuel pricing has increasingly been shaped by partisan contestation instead of objective analysis of economic realities.
By David AbonyoTrans Nzoia Governor George Natembeya warned that fuel prices rising above Sh200 per litre were placing severe pressure on households and businesses.
By David AbonyoThe changes, aimed at improving retirees’ welfare, come through the Tax Laws (Amendment) Act, 2024, which was assented to in December 2024.
By David Abonyo