Topic: EAC
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Cancel customs bonds promptly to avoid penalties in regional trade, advises PwC
Jan 21, 2025 at 09:37 PM
Kenyan businesses engaged in cross-border trade within the East African Community (EAC) risk penalties and legal complications if they fail to cancel customs bonds promptly after m...
Proposed 15 per cent tax on social media, internet services could hit Kenya's digital economy
Nov 15, 2024 at 10:31 AM
The Kenyan government’s recent proposal to impose a 15 per cent tax on social media and internet services could dramatically affect both individuals and businesses involved in on...
Taxpayers’ Day: Ruto celebrates Kenya's economic gains, compliance milestones
Nov 01, 2024 at 09:45 PM
Kenya’s economy is turning a corner with a steady drop in inflation and a strengthened currency, President William Ruto revealed in a significant address on Taxpayers’ Day at S...
Local edible oil manufacturers cry foul over Govt's new 10 per cent tax
Aug 01, 2024 at 01:53 PM
Edible oil manufacturers are up in arms over a newly imposed 10 percent import duty on crude palm oil, a key ingredient in the production of cooking oil and other household staples...
Ruto appoints 4 Raila men, returns 5 allies in final batch of cabinet nominees
Jul 24, 2024 at 02:09 PM
In a bold and strategic move, President William Ruto has completed the formation of his Cabinet with the nomination of new Cabinet Secretaries (CSs), adhering to the legal requirem...
Travellers grin as Kenya increases duty-free allowance on goods fourfold
Jul 15, 2024 at 03:19 PM
The East African Community (EAC) has implemented a significant increase in the duty-free allowance for personal effects entering Kenya....
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Uganda-Kenya dairy trade tensions simmer despite recent presidential pacts
Jun 21, 2024 at 02:09 AM
Trade relations between Uganda and Kenya have encountered fresh challenges despite recent pledges by Presidents Yoweri Museveni and William Ruto to strengthen bilateral ties....
What Kenyans should expect in proposed national budget taxation changes
Jun 14, 2024 at 06:20 PM
In a move set to impact Kenyans amidst the rising cost of living, the latest budget proposals reveal significant changes to taxation policies, aimed at addressing various socio-eco...
KNCCI, Cereal Growers Association raise concerns over new export levy by AFA
May 31, 2024 at 11:59 AM
The Kenya National Chamber of Commerce and Industry (KNCCI) and the Cereal Growers Association (CGA) have voiced significant concerns over the recent imposition of a 0.3 per cent l...
Local manufacturers raise concerns over proposed tax policies in Finance Bill 2024
May 20, 2024 at 06:23 PM
The Kenya Association of Manufacturers (KAM) has expressed cautious optimism regarding the government's initiatives to propel the manufacturing sector's growth....
Kenya approves 8 firms to import industrial sugar for EAC production boost
May 01, 2024 at 03:28 PM
Kenya has green-lit the importation of 43,000 metric tonnes of sugar by eight firms under the East Africa Community (EAC) tax scheme, aimed at fostering industrial production withi...
Kenyan transporters up in arms over enforcement of EAC Vehicle Load Act
Mar 11, 2024 at 01:40 PM
Transporters and shippers in Kenya are at loggerheads with the government over the implementation of the East African Community (EAC) Vehicle Load Control Act, 2016....
CMA opens up regional bond issuance for Kenyan companies
Mar 11, 2024 at 11:20 AM
The Kenyan Capital Markets Authority (CMA) has ushered in a new era for capital raising in East Africa with the introduction of regional bonds. These innovative financial instrumen...
East African Cables to offload Tanzanian subsidiary stake in restructuring move
Mar 07, 2024 at 03:35 PM
East African Cables has announced that it will be exiting the Tanzanian market through the sale of its 51 per cent stake in East African Cables Tanzania Limited....
SHEAFRA: EAC addresses wild reports of creation of a single East African currency
Mar 04, 2024 at 01:48 PM
The East African Community (EAC) has come out to deny reports circulated online by a pseudo account on X (formerly Twitter) of the creation of a single regional currency....
UK challenges Kenya on move to hike tariff on its products against their EPA
Jan 29, 2024 at 02:54 PM
United Kingdom (UK) has officially filed a complaint over the higher import duty charged by Kenya on its whiskies and vehicles among other products from the European country....
State pledges overhaul of taxation system to boost local manufacturing
Jan 26, 2024 at 12:39 PM
The Principal Secretary for the State Department of Industry, Juma Mukhwana, has declared the government's unwavering commitment to restructuring the taxation system, with a focus ...
EPRA becomes local issuer of I-REC(E) for Kenyan renewable energy companies
Jan 23, 2024 at 03:52 PM
The Energy and Petroleum Authority (EPRA) has been designated by the International Tracking Standard Foundation (I-Track) as the local issuer of the I-REC(E) to Kenyan renewable en...
Boost for tax compliance as KRA receives additional Sh12.9 billion funding for 2024
Jan 10, 2024 at 11:34 AM
The Kenya Revenue Authority (KRA) is gearing up for a major push on tax compliance and broadening the tax base, fueled by a 12.9 billion-shilling boost to its coffers....
KRA unveils stringent declaration requirements for arriving travellers
Dec 20, 2023 at 07:35 PM
The Kenya Revenue Authority (KRA) has rolled out a comprehensive list of items that individuals entering Kenya must declare, signalling a robust effort to enhance customs complianc...
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