In Kenya, a tax compliant certificate is issued by the Kenya Revenue Authority (KRA) upon request by a taxpayer as proof of his or her compliance with remittances within a 12-month period. Personal income tax returns are due 30 June following the end of the tax year, with any balance of tax due by 30 April. KRA administers different types of taxes under different Laws (Acts) such as Income Tax, Value Added Tax, Custom duties and Excise Tax among many others. Hence, KRA is supposed to ensure taxpayers comply with the respective tax laws. As a result, both direct and indirect…
Author: David Indeje
David Indeje
David Indeje serves as the community engagement editor at Khusoko, a digital platform covering East African business news. He manages editorial content, engages audiences, and amplifies diverse voices while consulting on digital strategy for brands in agriculture, governance, technology, and health. Indeje explores AI’s impact on journalism and works as a communications officer at KICTANet.
“No one is immune from HIV. Not you, not me—irrespective of whether you are rich or poor. But we can protect ourselves and our loved ones. And we can show compassion for all people living with HIV,” UNAIDS Executive Director, Michel Sidibé. Saturday, December 1, 2018, will be a day many will be refreshing their collective memories about the prevalence of the scourge amongst us and an eye opener of what remains to be done to reduce its incidence. All will be aimed at improving universal access and according to the basic rights of HIV victims while also giving an…
There are two types of charges in form of taxes that Kenyans pay; direct and indirect taxes. Indirect taxes are those charges that you pay when you buy goods and services and they include Value Added Tax (VAT), excise duty, and custom taxes. Direct taxes are the amounts you remit directly to the government as income tax. Income Tax Income tax is the percentage that an individual or business remits directly to government through the Kenya Revenue Authority. The direct tax department of the KRA deals with the income tax that is divided into four categories. Pay As You Earn…
The overdraft facility will attract a daily charge of 0.5 per cent of the borrowing as a top-up to enable M-Pesa clients complete transactions.
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) is set to meet on Tuesday. This follows the MPC’s decision to maintain the interest rate at 9.00% on September 25. This was amidst rising inflation expectations and the reintroduction of Value Added Tax (8.0%) on petroleum products. The Monetary Policy Committee has indicated a neutral stance, allowing time to assess the effects of these changes on price stability and the economy’s response to its previous decisions. Despite slow growth in private sector credit, the macroeconomic environment remains relatively stable with improved growth compared to last year. However,…
Huddah Cosmetics, a beauty company, is leveraging its brand on Mula to bring new shopping experience using Augmented Reality (AI) on Facebook Messenger in partnership with Cellulant and Facebook where customers can discover, try the product before they buy. Huddah Cosmetics is credited to its bold and daring founder, Kenyan model and entrepreneur, Alhuda Njoroge popularly known as Huddah Monroe. Launched in 2016, Huddah Cosmetics provides a solution to long lasting day-to-day makeup needs for African women. “I am excited to be the first Hustle-preneur to work with Cellulant and Facebook as they launch this new shopping experience using Augmented…