KRA to hire 6,600 in war against tax cheats

Nairobi, July 12 -- The taxman plans to hire 6,604 more officers in three years in a bid to raise nearly Sh1 trillion additional revenue through the pursuit of tax cheats such as shrewd high-net-worth... Read More

Domestic VAT collection hits 4-year low on Covid

Nairobi, July 9 -- Tax collections on domestic sales have slipped to a four-year low, signalling the impact of Covid-19 woes on consumer spending. The Kenya Revenue Authority (KRA) has reported a 7.9... Read More

Kenya trade lobby seeks to bolster ties with Egypt

Nairobi, July 9 -- The Kenya National Chamber of Commerce and Industry has started talks to revive a framework for strengthening bilateral trade and investment cooperation with Egypt, largely in finan... Read More

Global firms poke holes in Kenya's fiscal deficit target

Nairobi, July 7 -- Global economists have projected Kenya's budget deficit will be wider than the 7.5 percent of gross domestic product (GDP) estimated in the Treasury's budget for this financial year... Read More

Payroll taxes dip Sh37bn on Covid layoffs, salary cuts

Nairobi, July 6 -- Payroll taxes fell an estimated Sh37.13 billion in the financial year ended June 2021, reflecting the impact of Covid-induced layoffs and pay cuts on a tough labour market. The Ken... Read More

Pay rises to21-monthhigh amidrecoveryfrom Covid

Nairobi, July 6 -- Kenyan private firms raised workers' June pay at the highest rate in 21 months in a bid to boost productivity, signalling economic recovery from Covid-19 economic hardships. Stanbi... Read More

Whistleblowers report Sh2 billion tax evasion

Nairobi, July 5 -- Whistleblowers have reported suspected tax evasion cases amounting to Sh2.1 billion in six months through May using an online reporting platform, setting them up for cash reward fro... Read More

Taxman seeks bank,financial deals ofsecret shareholders

Nairobi, July 2 -- The Kenya Revenue Authority (KRA) has set sights on accessing financial transactions of secret shareholders who invest in domestic firms through nominee accounts and directors for t... Read More

Williamson, Kapchorua predict reduced tea earnings

Nairobi, July 1 -- Williamson Tea #ticker:WTK and Kapchorua Tea #ticker:KAPC have warned of weaker earnings in the future after the two firms posted poor performance for the year ended March 2021 on t... Read More

Inflation hits 16-month high on costly food, fuel

Nairobi, July 1 -- Kenya's inflation rose to a 16-month high in June largely on the back of increased cost of basic foodstuffs and fuel, the Kenya National Bureau of Statistics (KNBS) report shows. I... Read More