Good Morning,
In the headlines today, Deputy President Dr William Ruto on Monday hit the headlines with his assassination claims, but could it be a hoax? To tap into the vast informal sector, KRA plans to use a hybrid of the presumptive and turnover tax- done away with in the 2018/19 financial year, and the construction of the 460km transnational highway between Kenya and Tanzania is set to begin early next year after the African Development Bank (AfDB) announced that the funding for the road will be approved in September this year.
Ruto assassination plot letter fake?
DCI officers investigating a letter by an unknown cabinet secretary were last night exploring the theory that the alleged assassination plot against DP William Ruto could be a hoax.
KRA widens tax net to rope in small scale traders
To tap into the vast informal sector, KRA plans to use a hybrid of the presumptive and turnover tax- done away with in the 2018/19 financial year.
Turnover tax was applicable to businesses whose turnover did not exceed Sh5 million in a given year of income and was payable after every three months commencing in each calendar year at a tax rate of three per cent of the gross income.
Ksh 75B superhighway to TZ set to launch
The construction of the 460km transnational highway between Kenya and Tanzania is set to begin early next year after the African Development Bank (AfDB) announced that the funding for the road will be approved in September this year.
KRA has decided to reach deeper into our pockets by targeting those doing small scale businesses. According to the taxman, this will help reach the state’s revenue targets which the agency has been missing for the past few years. What would you like the government to do with your taxes? Drop us a comment in our comments’ section #CommentsWednesday