Withholding VAT in Kenya
KRA appoints certain persons to be VAT withholding agents. The agents withhold VAT at 2% of the total amount payable. Thus if you sold an item at Sh. 116 (inclusive of VAT) to withholding agent, he will withhold Sh.2 thus pay Sh. 114…
Electric Buses offer way out of Transport Chaos
It takes two to tango, that’s so true in business. Every transaction has two parties involved. Every seller must have a buyer, every employee must have an employer and every service provider must have a service recipient. Therefore for each transaction….
Green taxes in Kenya
LIt is time we give a thought to our activities and their contribution to greenhouse gases, taxes come in handy as tool of controlling economic choices.
It is in the best interest of the planet that we carefully consider putting green taxes in our National tax policy,…
Withholding Tax in Kenya
Withholding tax is a system of collecting tax whereby a party making payment of certain income is required to withhold tax at a specified rate. The Tax withheld has to be remitted to KRA by 20th Day of the month following the month in which the tax was deducted…
Tax evasion in Kenya – Pairing taxpayers might be the answer
Barclays bank used credit and debit cards from credit card companies namely VISA, Master card and American express. KRA demanded withholding tax on the amounts payable by the bank to credit card companies and on management fees for the service charges to…