Author: Herald Aloo

External debt payment to hit Sh475b as crisis sticks

Reading Time: 2 minutes The National Treasury projects repayment of external debts will hit Sh475.6 billion in the 2023/24 financial year (FY) starting next […]

Uncertainty clouds 7pc interest on housing levy

Reading Time: 3 minutes Kenyans contributing to the compulsory 3 per cent Housing Levy will not be guaranteed any interest payment on the with-drawable […]

I’ve a prescription for the ailing economy – Thugge

Reading Time: 4 minutes Central Bank of Kenya (CBK) governor nominee, Kamau Thugge, is planning to push the National Treasury to float a dollar-denominated […]

Treasury on the spot over plans to install new EGMS

Reading Time: 2 minutes The government is not sure whether to change both the technology and infrastructure of the Excisable Goods Management System (EGMS) […]

Media industry stare at Sh2b revenue loss on advertisement tax

Reading Time: < 1 minute TAXES:   The media industry eyes a possible Sh2 billion loss if a proposed 15 per cent excise duty on fees […]

Betting firms warn proposed tax will drive up black market

Reading Time: 2 minutes Sports betting firms now want the government to scrap the excise duty on the amount staked to avert the gradually […]

Experts fault proposal to raise tax burden for highly paid workers

Reading Time: 2 minutes The government’s proposal to have high-income earners pay higher taxes is unlikely to generate as much revenue as projected, economists […]

Shifting Treasury policies cost KRA Sh47b in taxes

Reading Time: 2 minutes An ongoing five-year tiff between the National Treasury and Kenya Revenue Authority (KRA) regarding tax procedures and enforcement has so […]