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The Commissioner General of Taxation shall carry out the functions of the Commissioner General of Taxation as prescribed in the Tax Administration Act and in any other tax law, and oversee the day-to-day administration of the MIRA. [12] On 2 August 2019, Mr. Yazeed Mohamed was appointed as the first Commissioner General of Taxation.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the ...
The Kenyan 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.
Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. [1]
Tax Cuts and Jobs Act of 2017: To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. Pub. L. 115–97 (text) 115-98: January 3, 2018 United States Fire Administration, AFG, and SAFER Program Reauthorization Act of 2017
The Value Added Tax and Supplementary Duty Act of 2012 automated administration. [41] [38] The National Board of Revenue (NBR) administers VAT. Other rules and acts include Development Surcharge and Levy (Imposition and Collection) Act, 2015; [42] and Value Added Tax and Supplementary Duty Rules, 2016. [43]
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