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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 ...
A late fee, also known as an overdue fine, late fine, or past due fee, is a charge fined against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date.
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]
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 ...
The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor and Dr. Susan Koech is the Deputy Governor.
This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3]Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd
This is a list of the heads of state of Kenya, from the independence of Kenya in 1963 to the present day. From 1963 to 1964 the head of state under the Constitution of 1963 was the queen of Kenya, Elizabeth II, who was also the queen of the United Kingdom and the other Commonwealth realms. The monarch was represented in Kenya by a governor-general.
In February 2014, Kenya, Rwanda and Uganda issued an East African Tourist Visa. [8] The visa fee USD 100 and has no restrictions on nationality. It is a non-extendable multiple-entry 90-day visa that has to be first used to enter the country that issued it.