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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.
To increase tax compliance percentages and encourage more people to file their taxes, the Kenya Revenue Authority has an elaborate online portal [3] that allows citizens to log in and either file tax returns, check their penalties [4] or apply for a certificate of tax compliance. This is in line with the Kenyan government's efforts to automate ...
19 June – Kenya signs a trade deal with the European Union (EU). [4] 21 June – MPs voted to increase VAT on petroleum products from 8 to 16%. 184 MPs approved the clause within the new finance bill while 88 opposed it. [5] 26 June – President Ruto signs into law the finance bill. [6]
Unowned property includes tangible, physical things that are capable of being reduced to being property owned by a person but are not owned by anyone. Bona vacantia (Latin for "ownerless goods") is a legal concept associated with the unowned property, which exists in various jurisdictions, with a consequently varying application, but with origins mostly in English law.
The MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [26] The figures from the MTRS are based on an International Monetary Fund estimate that Kenya has a potential of 25% tax-to-GDP ratio. Some of the suggestion of the MTRS are what informed the details of the Finance Bill 2024 including an ...
Adverse possession in common law, and the related civil law concept of usucaption (also acquisitive prescription or prescriptive acquisition), are legal mechanisms under which a person who does not have legal title to a piece of property, usually real property, may acquire legal ownership based on continuous possession or occupation without the permission of its legal owner.
Amidst protests, the Kenyan government scrapped parts of the bill on 18 June 2024. According to Kuria Kimani, chairman of Kenya’s Finance and National Planning Committee, the proposed tax increases that were scrapped included a 16% value-added tax (VAT) on bread, as well as taxes on motor vehicles, vegetable oil, and mobile money transfers. [26]
Notices required to be published by law or policy Announcements for general public information "Gazetted officers," which are public administrators and official subject-matter experts who may use government letterheads , process government documents or work outside the civil service through a special license.