Jimmy Mbogoh
62 Articles
More pain for Kenyans as Gov’t prepares to raid payslips again in February
These amendments, effective from December 27, 2024, have introduced revisions to key tax laws, including the Income Tax Act, VAT Act, Excise Duty Act, Miscellaneous Fees and Levies Act, and the Tax Procedures Act.
Kenya's economy slows down to 4%
The latest data from KNBS shows the economy contracted by 2% compared to the 6% growth reported in the same period in 2023.KNBS Director of Population and Social Statistics Abdulkadir Awes attributed the slowdown to a decline in growth across most sectors of the economy....
Gov't lists new measures for LPG traders
Among them is a regulation that will see refilling LPG cylinders restricted between 6:00 am and 6:00 pm unless otherwise authorized by the Energy and Petroleum Regulatory Authority (EPRA).
IMF distances itself from tax hikes by Kenya Gov’t
Clarke, who held meetings with the President, the Treasury CS, and the CBK Governor, said the Kenyan authorities requested the institution help in a governance diagnostics.On the recent criticism of IMF engagement with Kenya, and in an effort to set the record straight, the body distanced itself fro...
Air operators warn of negative economic impact from proposed tax reforms
The air operators warned that the changes will lead to increased operating costs. For instance, the imposition of a 16 percent VAT on imported aircraft, spare parts, and related services will significantly increase operational expenses.
‘No tax relief yet,’ David Ndii hints at tougher times ahead for Kenyans
Ndii noted that as long as Kenya is still in the International Monetary Fund (IMF) programme, cutting taxes will remain a pipe dream.He however pointed out that the government is working on implementing key reforms aimed at spreading the tax burden, which he says curr...
Gov’t seeks to raise Ksh.170B with revival of Finance Bill 2024 provisions
Albert Mwenda, Director General of Budget, Fiscal, and Economic Affairs at the Treasury, noted that the government aims to raise Khs.170 billion these reintroduced measures.Mwenda noted that while this amount won’t fully cover the revenue lost when the Bill was shelved, it will help reduce the fisca...
Safaricom mulls issuance of green bond
As the sustainability conversation takes center stage for business operations in the country, corporations are being forced to diversify their sources of capital to fund impact-related projects.According to Safaricom’s Director of Sustainable Business and Social Impact, Karen Basiye, the market is r...
