Category: KRA
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Tax disputes deny KRA Sh313 billion in revenue
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Court cases have led to the withholding of Sh313.5 billion in uncollected taxes, highlighting the negative impact of disputed orders on the Kenya Revenue Authority (KRA) revenue increase. This was included in disclosures released by the Parliamentary Budget Office (PBO) which showed 747 cases in the Tax Appeal Tribunal (TAT)…
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KRA wins Sh122m tax fight with KTDA’s Dubai unit
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A UAE-based tea trading company owned by Chai Trading Company (CTCL), a wholly-owned subsidiary of giant Kenya Tea Development Agency (KTDA) Holdings Ltd, has lost a battle to prevent a Sh122.67 million levy. Claim from Kenya Revenue Authority (KRA). The Tax Appeal Tribunal (TAT) said KRA was justified in seeking…
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KRA to track motorists fuel use with eTIMS link
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The Kenya Revenue Authority (KRA) is linking its Electronic Tax Invoice Management System (eTIMS) to fuel stations to eliminate tax fraud and increase revenues by billions of shillings by monitoring motorists’ diesel and petrol consumption. This means that every purchase of petroleum products from a filling station from June will…
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KRA to track motorists fuel use with eTIMS link
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The Kenya Revenue Authority (KRA) is linking its Electronic Tax Invoice Management System (eTIMS) to fuel stations to eliminate tax fraud and increase revenues by billions of shillings by monitoring motorists’ diesel and petrol consumption. This means that every purchase of petroleum products from a filling station from June will…
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How Gen Z protests, Finance Bill hitch hit KRA collections
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Tax collections in the first quarter of the current fiscal year grew at the slowest pace in at least a decade, excluding the period of the Covid-19 pandemic, reflecting the impact of the withdrawal of the finance bill and business unrest in the wake of deadly Gen Z-led protests. The…
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M-Pesa paybills to become KRA tax registers by December 25
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Mobile payment bills and number accounts will be converted into electronic tax records (ETRs) from the end of December to weed out tax evaders and boost revenue by billions of shillings, President William Ruto’s senior economic advisor has said. Musa Kuria, former Cabinet Secretary, said there are plans to declare…
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Parliament, KRA owe Kenya Airways Sh3.5 bn in air tickets cash
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The national airline has revealed that Parliament, the Ministry of Foreign Affairs and the Kenya Revenue Authority (KRA) owe Kenya Airways Sh3.54 billion. Kenya Airways CEO Allan Kilavuka told the Senate Roads, Transport and Public Works Committee that it is also seeking government assistance in repatriating funds stuck in various…
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Parliament, KRA owe Kenya Airways Sh3.5 bn in air tickets cash
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The national airline has revealed that Parliament, the Ministry of Foreign Affairs and the Kenya Revenue Authority (KRA) owe Kenya Airways Sh3.54 billion. Kenya Airways CEO Allan Kilavuka told the Senate Roads, Transport and Public Works Committee that it is also seeking government assistance in repatriating funds stuck in various…
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Court sides with KRA in Mombasa land ownership row with trader
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The Kenya Revenue Authority (KRA) has been given a reprieve after the Environment and Lands Court declared it the legal owner of a piece of land in Mombasa, which was also claimed by an individual and charged to a bank for a Sh42 million loan. . Justice Nelly Mathika directed…
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Why importers face losses on KRA impasse with insurers
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Importers face the risk of higher storage costs as thousands of shipments are delayed due to disputes between the Kenya Revenue Authority and insurance companies over new fees imposed on the system used to process customs bond insurance. Customs bond insurance is a guarantee to the Kenya Revenue Authority that…
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Gen Z protests slow KRA collections to a decade low
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Tax collections in July posted their slowest growth in more than a decade, excluding the Covid-19 pandemic, reflecting the effects of business disruptions in the wake of deadly Gen Z protests as the Treasury Department increased its reliance on costly overdrafts. Data released by Treasury Secretary John Mbadi showed that…
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Why noose has tightened on Kitui County government over Sh1.05bn KRA tax claim
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The Kitui County government has failed to clear various tax claims from the Kenya Revenue Authority amounting to over Sh1 billion. The Tax Appeal Tribunal (TAT) has rejected an attempt by the provincial government to quash KRA’s claims, noting that it failed to satisfactorily comply with the provisions of the…
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Traders on edge as KRA goes for unpaid old taxes
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The Kenya Revenue Authority has sent letters to dozens of businesses notifying them of overdue VAT balances accumulated before the introduction of iTax in 2014, which could hit those unable to provide proof of payment with invoices running into millions of shillings. Most of the balances date back more than…
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Nearly one million taxpayers fail to file returns, face KRA fines
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About 953,971 taxpayers failed to file their tax returns with the Kenya Revenue Authority by the June 30 deadline, exposing them to penalties from the tax authority. Official data from South Korea’s tax service shows that 8,046,029 taxpayers filed their tax returns by the end of June, against a target…
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KRA pursues directors, traders in Sh67m tax evasion scheme
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Twenty suspects, including directors of five companies, face various tax fraud charges, including a missing tax evasion scheme. The Kenya Revenue Authority (KRA) said its investigations revealed that 15 individuals and five companies committed various tax evasion offenses with a total tax implication of Sh66.7 million. In a missing merchant…
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Airtime, financial transaction levies dethrone ‘sin taxes’ as new KRA excise duty cash cow
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For a long time, the excise tax basket of tax officials was nearly filled with groups of individuals who could barely resist a rush of nicotine or a sip of the suds. Because the excise taxes were mainly taken from cigarettes and alcohol, they were called “sin taxes.” But the…
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KRA to miss target by Sh300bn despite new tax measures
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The Kenya Revenue Authority (KRA) has recorded its highest deficit in tax collection from employees despite the introduction of two new tax bands targeting top earners, even as the Treasury expects the tax collector to miss this year’s targets by about Sh300 billion. A quarterly report published by the National…
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Court orders KRA to refund Sh54m to Nakumatt supplier Hotpoint
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The Kenya Revenue Authority (KRA) has ordered the return of over Sh54 million to home appliance and electronics company Hotpoint over bad debts arising from goods delivered to retail giant Nakumatt. The Tax Appeals Tribunal has criticized the Local Tax Commissioner for not allowing the Sh54.8 million value added tax…