tax

The government’s borrowing bill was lower than expected last month as falling inflation and bumper tax revenues helped improve public finances. Figures from the Office for National Statistics showed that monthly public sector borrowing…

Economy Mega project financiers face tax break suspension Friday September 22 2023 GRAPHIC | CHRISPUS BARGORETT | NMG The Treasury has hinted at a suspension of tax waivers on the interest income earned by global financiers of…

Economy Kenya targets Chinese imports in new tax evasion crackdown Wednesday September 20 2023 Customers look for TV sets at one of electronics shops along Luthuli Avenue. FILE PHOTO | NMG Chinese imports are set for tighter…

Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization.South Korea’s National Tax Service (NTS) issued an official announcement on…

Economy Government now takes up to Sh79 in tax for every litre of fuel Tuesday September 19 2023 GRAPHIC | GENNEVIEVE AWINO | NMG Consumers are now paying up to Sh79 as taxes per litre of fuel, underlining the impact of the…

Economy Farmers, small traders faced with upfront tax in compliance drive Friday September 15 2023 Traders selling Second-hand clothes popularly known as Mitumba at Gikomba Market. FILE PHOTO | DENNIS ONSONGO | NMG The Treasury…

With the metaverse booming to 400 million users, the challenge arises: how do we tax this burgeoning virtual world? Metaverse is a virtual world where millions of people spend their time nowadays. To give you an idea of its popularity,…

Economy President Ruto orders PSs, parastatal heads to account for tax billions Friday September 15 2023 GRAPHIC | CHRISPUS BARGORETT | NMG Principal secretaries (PSs) and other accounting officers in government ministries,…

Economy New payslip pain for workers as Treasury plans tax relief axe Thursday September 14 2023 GRAPHIC | GENNEVIEVE AWINO | NMG Salaried employees' payslips are set to shrink further, if a proposal by the Treasury to eliminate…

Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more…