Blog on Tax

Blog on Tax

May 1st Speech – The True Position

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I received the following message on 06/05/2017, 11:08 through Whatsup from a good friend about the salary increment by the President:

“The lowest salary in Kenya was 12,593 and it was non-taxable. The president announced an increment by 18% which will see the lowest salary rising to 14,859.74. This new pay is within the taxable bracket of 15%, which you will be deducted 2,228.96, Then you will go home with a net pay of 12,630.78 na Bado NHIF, Bado NSSF….. This is brain mathematics… Tricky indeed… Let’s face it… From 12,593 to 12,630.78, Uhuru just added Ksh 37.78 to the lowest paid worker… ”

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May 8, 2017
Blog on Tax

Taxation Under Betting, Lotteries and Gaming Act CAP 131

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Introduction

In the recent past, there has been a lot of noise about the potential and actual increase in tax rates in the betting and related activities industry.

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(Photo by Waka)

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April 9, 2017
Blog on Tax

Tenderpreneurs and Taxation in Kenya

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Introduction

In the recent past, the Kenyan government has been keen on women and youth empowerment. The government hopes to lift women and youth from poverty.

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(Photo by Waka)

Hence, the government came up with the Women Fund and the Youth Fund to able the women and youth get loans for business.

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March 27, 2017