News and Insights

Kenya Gazette Supplement No. 30                                                                        […]
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Kenya Revenue Authority informs the public that it is in the process of simplifying the Stamp Duty payment process on the iTax system and thereby expediting the payments. Following the changes, it will no longer be conditional to present a […]
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The Kenya Revenue Authority and National Social Security Fund(NSSF) would wish to inform the public that a unified payroll return has been developed for joint declaration and payment of Pay As You Earn(PAYE) and NSSF  deductions. This is one of […]
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FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 7%. This rate shall be applicable for the three months of January, February and March 2020. DEEMED INTEREST RATE For purposes of section 16(5), the prescribed rate of […]
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In accordance with section 15(2)(a) of the Income tax Act, the Commissioner General issues guidelines on the provision for bad debts for tax purposes. The guidelines are as follows; 1.  A debt shall be considered to have become bad if […]
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Kenya Revenue Authority wishes to notify the public that it has enhanced the Tax Compliance Certificate (TCC) application process to a full self-serviced process managed by the taxpayer.  This move is meant to create efficiency, transparency, and to expedite generation […]
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Kenya Revenue Authority reminds all registered taxpayers that it is a requirement under the law to make full and accurate disclosures of all taxable transactions when filing their VAT returns. However, KRA has noted with concern, an emerging trend where […]
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KRA is undertaking a reconciliation exercise of the taxpayers’ accounts in the old system to establish the correct tax balances. The balances will thereafter be migrated to the new iTax system. During the exercise, taxpayers will be contacted by the […]
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All Kenyans will now be paying their fair share of taxes. Following the recent amendments to the law, the government has introduced a simpler tax regime for Micro and Small Enterprises (MSEs) where they will be paying taxes through simplified […]
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