Topic: Finance Act 2023
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...
Kenyan chest pains as Supreme Court quashes nullification of Finance Act 2023
Oct 30, 2024 at 01:23 AM
Kenyans frown as Supreme Court quashes nullification of Finance Act 2023...
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Landlords, professionals brace for new tax measures as Treasury unveils reforms
Oct 17, 2024 at 12:07 PM
Professionals in private practice and landlords are poised to enter a new era of taxation as the National Treasury unveils plans aimed at ensuring a fairer contribution from these ...
Kenyans hold breath as Supreme Court suspends Finance Act 2023 nullification
Aug 21, 2024 at 10:28 AM
In a significant development, the Supreme Court of Kenya has granted the government temporary relief by suspending the Court of Appeal's decision that nullified the Finance Act 202...
Kenyan mobile money transactions witness decline amid economic strain
Jul 24, 2024 at 11:07 PM
Kenya’s once-booming mobile money sector is showing signs of strain as the country grapples with economic challenges....
Kenyan accountants raise concerns over proposed tax hikes in Finance Bill 2024
May 24, 2024 at 06:06 PM
The Institute of Certified Public Accountants of Kenya (ICPAK) has voiced opposition to several tax increases included in the proposed Finance Bill 2024....
Clear provisions promised in Finance Act 2024 to ease tax compliance
May 09, 2024 at 07:56 PM
The Chairperson of the National Assembly Committee on Finance and National Planning, Kuria Kimani, has assured stakeholders that the forthcoming Finance Act 2024 will provide expli...
AG Justin Muturi warns KRA against 'unlawful' Housing Levy deductions
Feb 29, 2024 at 01:28 AM
The implementation of Kenya's housing levy has sparked a heated debate both within legal circles and among lawmakers, as Attorney General Justin Muturi issues a stern warning again...
Why three High Court judges declared Ruto's Housing Levy unconstitutional
Nov 28, 2023 at 12:33 PM
In a landmark decision, the High Court in Nairobi has declared the housing levy, introduced by President William Ruto's administration, as unconstitutional....
Kenya faces billions in losses as East African nations shift oil trade alliances
Nov 22, 2023 at 05:17 PM
Kenya stands on the brink of losing substantial revenue in the oil trade as landlocked East African nations express hesitance towards importing fuel through Kenyan channels....
Farmer's Choice implements strict Electronic Tax Invoice requirement for suppliers
Nov 17, 2023 at 08:47 AM
Farmer's Choice, a key player in the agricultural sector, has issued a notice to all its suppliers, including Rosemark and Choice Meats divisions, detailing a significant policy ch...
Blow to Omtatah as Supreme Court upholds Finance Act implementation
Sep 08, 2023 at 11:46 PM
In a decisive legal ruling, the Supreme Court of Kenya has upheld the implementation of the Finance Act 2023, marking a significant setback for Busia Senator Okiya Omtatah's effort...
Kenya Revenue Authority clarifies Affordable Housing Levy implementation
Aug 15, 2023 at 02:31 PM
The Finance Act 2023 has introduced a new financial obligation for employees, known as the Affordable Housing Levy (AHL), effective from 1st July 2023 and the Kenya Revenue Authori...
Fuel pump prices to remain the same as government restores Uhuru's subsidies
Aug 14, 2023 at 10:54 PM
Fuel prices at the pump will remain the same for the next one month starting midnight on Monday August 15, 2023....
Blow to Omtatah as bid to cross-examine Speakers Wetangula and Kingi rejected
Aug 07, 2023 at 02:33 PM
The High Court has made a decisive ruling in the ongoing legal battle over the Finance Act 2023, as an application to cross-examine National Assembly Speaker Moses Wetangula and hi...
Lawyers challenge Housing Levy legality after Finance Act implementation lifted
Aug 04, 2023 at 10:51 AM
Lawyers under the Law Society of Kenya (LSK) have rushed to court to challenge the legality of the Housing Levy, which is contained in the controversial Finance Act, 2023....
Safaricom revises M-Pesa charges to comply with controversial Finance Act
Jul 29, 2023 at 10:15 PM
Safaricom has announced that it is increasing its M-Pesa mobile money charges alongside its phone call, SMS and fibre internet tariffs effective from July 29, 2023....
High Court further extends suspension of Finance Act 2023 implementation
Jul 06, 2023 at 02:05 AM
Milimani Court has suspended the implementation of the Finance Act 2023, causing a delay in the government's plans to introduce new tax rules....
Court suspends Finance Act 2023 in suit filed by Busia Senator Okiya Omtatah
Jun 30, 2023 at 08:03 PM
The High Court has delivered a significant blow to President William Ruto's administration by temporarily suspending the implementation of the Finance Act 2023....
Kenyans brace for harsher times as EPRA slated to release new fuel pump prices
Jun 29, 2023 at 12:50 PM
The Energy and Petroleum Regulatory Authority (EPRA) has made a public announcement, stating that it will release revised maximum petroleum pump prices on Friday, 30th June 2023....
