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Kenya's taxation system covers income tax, value-added tax, customs and excise duty.The regulations are governed by independent legislators that govern the taxation system, the main legislator, the Kenya Revenue Authority (KRA) has different sections that deal with the above taxes while also having the authority to undertake reviews on various companies and corporations.
The Kenya Revenue Authority (KRA) [2] was established by an Act of Parliament, the Kenya Revenue Authority Act, which became effective on 1 July 1995. The Authority is charged with collecting revenue on behalf of the Government of Kenya. [1] The Authority's core operations are:-
Kra or KRA can refer to: Kenya Revenue Authority; Key result area, a management term; Kra (band) Kra (letter) Kra Isthmus; Kra Peninsula; Kra River, Malay Peninsula;
Keroche Breweries has had long-running battles with the Kenya Revenue Authority (KRA) on tax. In 2015, the company was shut down for two weeks over a backdated duty of about KSh1 billion for the ready-to-drink Viena Ice vodka. KRA ordered the company not to produce excisable goods, an essential shutdown as all alcoholic products are excisable.
The 2024 Finance Bill is the first in a series of tax reforms based on a Medium-Term Revenue Strategy (MTRS) devised and published by the Kenyan government in 2023 through the Ministry of National Treasury and Economic Planning. The MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [26]
A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. [ 1 ] [ 2 ] Depending on the jurisdiction , revenue services may be charged with tax collection , investigation of tax evasion , or carrying out audits .
Francis Kirimi Muthaura (born 20 October 1946 in Meru, Kenya) is a Kenyan former civil servant and close ally of former President Mwai Kibaki. He is the former Head of Civil Service and Secretary to the Cabinet. [1] From 14 March 1996 to 24 April 2001 he was the Secretary General of the East African Community. [2]
When Kibaki took power in 2003, he immediately established the National Debt Management Department at the treasury, reformed the Kenya Revenue Authority (KRA) to increase government revenue, reformed financial laws on banking, wrote off the debts of strategic public enterprises, and ensured that 30% of government tax revenue was invested in ...