Topic: Ministry of National Treasury
Govt rolls out major JKIA reforms to elevate passenger experience
Nov 12, 2024 at 09:29 AM
In a bid to redefine air travel standards, the Government has unveiled an ambitious series of reforms aimed at enhancing the passenger experience at Jomo Kenyatta International Air...
Kenya eyes more revenue with new six per cent tax on foreign digital companies
Nov 04, 2024 at 10:39 AM
In a bold move aimed at reshaping its digital economy, the Treasury has put forth a proposal for a Significant Economic Presence Tax (SEPT) that will see foreign digital companies ...
Kenyans to benefit from reduced VAT, tax relief as Govt unveils new budget plans
Sep 10, 2024 at 10:03 AM
The government has unveiled a significant economic reform package that could provide much-needed relief to struggling households and businesses....
Mbadi hints at resurrecting rejected Finance Bill 2024 proposals to fill Sh150 billion deficit
Aug 19, 2024 at 10:38 PM
Treasury Cabinet Secretary John Mbadi has signalled a potential return of controversial tax proposals as the government grapples with a yawning fiscal deficit....
Treasury seeks exemption for KRA to access personal data without a warrant
May 14, 2024 at 12:27 PM
In a controversial move to clamp down on tax evasion, the Treasury is seeking to amend the Data Protection Act, 2019, to allow the Kenya Revenue Authority (KRA) access to sensitive...
How key proposals in the Finance Act 2024 will affect your strained pocket
May 13, 2024 at 03:48 PM
Kenyans are brace for tougher times ahead as the government unveils new taxes on various goods and services in the Finance Bill 2024....
Job loss fears in public service rise as Govt mulls scrapping 130 parastatals
May 03, 2024 at 11:28 AM
Uncertainty hangs heavy over the livelihoods of thousands of Kenyans employed by State-owned enterprises (SOEs) as the government embarks on a major restructuring program....
Government struggles to meet pension obligations amid cash crisis
Apr 08, 2024 at 11:14 AM
The National Treasury has acknowledged difficulties in meeting its pension obligations for civil servants....
Kenya Pipeline Company's Sh5 billion dividend boosts Government revenue
Mar 28, 2024 at 01:21 PM
Kenya Pipeline Company (KPC) has declared a notable achievement with a special dividend payout of Sh5 billion to the National Treasury for the fiscal year, concluding in June 2023....
Ruto mulls shutting down 'loss-making' parastatals to curb wasteful expenditure
Mar 26, 2024 at 08:35 PM
President William Ruto has issued directives to rein in loss-making state entities and curb wasteful expenditure across government sectors....
Development Bank of Kenya up for sale as State pushes privatisation agenda
Mar 25, 2024 at 11:49 AM
The Kenyan government is moving forward with its privatization agenda, announcing the sale of the Development Bank Kenya (DBK)....
Kenyans to receive personalized tax refunds directly through e-receipts
Mar 18, 2024 at 12:49 PM
In an era marked by technological advancements, Treasury Cabinet Secretary, Njuguna Ndung’u, has unveiled a groundbreaking initiative set to transform the landscape of tax refund...
Kenya considers overhauling property tax, possible fivefold increase
Mar 15, 2024 at 02:40 PM
Kenya's property tax system is set for a major overhaul, with the National Treasury Cabinet Secretary (CS) Njuguna Ndung’u proposing a reevaluation that could lead to a fivefold ...
Middle-Class may face higher costs as Govt. considers VAT on Milk and Bread
Mar 15, 2024 at 07:56 AM
The Treasury is contemplating imposing a 16 per cent value-added tax (VAT) on milk and bread, marking a potential shift in Kenya's taxation landscape....
Surgeon challenges State in court over fees hike at immigration department
Mar 07, 2024 at 07:26 PM
The government's recent decision to hike fees for specific services within the immigration department has sparked a legal challenge from Nakuru-based surgeon Dr. Benjamin Magare Gi...
Discrepancies in Kenya's Budget Policy Statement raise transparency concerns
Mar 01, 2024 at 03:12 PM
Kenya's Budget Policy Statement for the 2024/2025 financial year has been met with confusion and concern because of conflicting figures regarding the total budget....
e-Citizen: Auditor General raises alarm over compromise, accountability issues
Feb 22, 2024 at 11:46 AM
The State's e-Citizen self-service and payment portal, handling billions of shillings in transactions, faces significant control issues, according to Auditor-General Nancy Gathungu...
Kenyans not overtaxed, Treasury PS Chris Kiptoo insists despite public outcry
Feb 21, 2024 at 01:26 PM
National Treasury Permanent Secretary (PS) Chris Kiptoo has sparked debate by refuting the widespread claim of overtaxation in Kenya, citing regional comparisons and underutilized ...
Treasury set to finance budget with local foreign currency-denominated bond
Feb 20, 2024 at 05:59 PM
In a bid to strengthen its financial footing, the National Treasury of Kenya is set to introduce a local foreign currency-denominated bond as part of its budgetary financing strate...
Business community urged to boost Kenya's development via tax compliance
Feb 19, 2024 at 07:37 PM
The Kenyan government has issued a clarion call to the business community, urging them to actively contribute to national development through prompt and complete tax payments....
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