Kenya is pushing for its neighbors in the East African Community (EAC) to adopt a harmonized Digital Service Tax (DST) to enhance regional revenue collection in the growing digital economy. This move aligns with global trends where governments are targeting digital services to ensure fair taxation from multinational tech companies. The DST, first introduced in…
How the Integrated Customs Management System Works Customs agencies worldwide face the dual challenge of facilitating trade while ensuring regulatory compliance. To address these challenges, the Kenya Revenue Authority (KRA) has implemented the Integrated Customs Management System (iCMS), a streamlined and efficient platform designed to integrate various customs processes into a cohesive system. This article…
Dive into Kenya’s intricate tax system with our comprehensive guide. From corporate tax to the new digital service tax, uncover how recent changes and special economic zones impact your business. Stay compliant, optimize your tax strategy, and navigate the latest regulations with confidence. Don’t miss out on essential updates and expert tips for thriving in…
In a recent move, the Kenya Revenue Authority (KRA) has decided to increase taxes on used car imports, further impacting this sector. This comes as the KRA has reduced the maximum depreciation rate from 70 percent to 65 percent, significantly affecting the valuation of vehicles. Understanding the Tax Adjustment Pamela Ahago, the acting commissioner for…
