The Kenya Kwanza has unveiled its first draft Budget Policy Statement (BPS) which sets out the priority programs, policies and reforms the new administration intends to undertake.
Administratively, the tax men aim at reducing the VAT gap from 38.9 to 19.8 percent and also reduce the corporate tax gap from 32.2 to 30.0 percent.
Source: the-star.co.ke
Latest Posts in "Kenya"
- Kenya Enacts Tax Procedures Amendment Act 2024: Key Changes and Implementation Dates
- KRA to Integrate eTIMS and VAT Tools into GavaConnect, Engaging 1,000 API Developers
- Understanding VAT on Imported Services in Kenya: Compliance and Reverse Charge Mechanism Explained
- Complying with Kenya’s Mandatory Electronic Invoicing: A Guide to TIMS and KRA Requirements
- KRA Proposes Automated VAT Collection from Mobile Money Transactions to Enhance Tax Compliance
