Kenya Revenue Authority (KRA) has committed to pay firms Sh2 billion as Value Added Tax (VAT) refunds this month, hoping to stem a rising backlog.
The High Court of Kenya has upheld the application of destination principle in determining the country with taxing rights over internationally traded services. The Court held that the Appellant’s services were exported...
Manufacturers in Kenya who have been largely operating below capacity are set to benefit from the new formula on VAT refunds.
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