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To increase tax compliance percentages and encourage more people to file their taxes, the Kenya Revenue Authority has an elaborate online portal that allows citizens to log in and either file tax returns, check their penalties or apply for a certificate of tax compliance. This is in line with the Kenyan government's efforts to automate service ...
Exports from Kenya pay a 0% rate of VAT. Tax penalties. Late payment or non-payment of taxes attracts an interest rate of 2% per month. However, filing a late monthly payment of VAT requires a charge of 5 percent or $110, whichever is higher. Corporate tax. The Corporate Tax Act was set up to deal with all corporate tax issues.
Kenya's first revenues were King George V postage stamps of Kenya & Uganda overprinted KENYA JUDICIAL between 1928 and 1930. There were two types, the first printed locally by an unknown printer, and the second printed in London by De La Rue. Between 1936 and 1959 Kenya issued five stamps for Kodi (Poll Tax). These are large Nyasaland keytypes ...
The hut tax was a form of taxation introduced by British in their African possessions on a "per hut" (or other forms of household) basis. It was variously payable in money, labour, grain or stock and benefited the colonial authorities in four interconnected ways, by raising money; supporting the economic value of the local currency(and colonially controlled); broadening the newly introduced ...
The Independent Electoral and Boundaries Commission ( IEBC) is an independent regulatory agency that was founded in the year 2011 through the making of the Constitution of Kenya. The Commission is responsible for conducting or supervising referendums and elections to any elective body or office established by the Constitution, and any other ...
M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
The National Health Insurance Fund ( NHIF) is a Kenya government state corporation with a mandate to provide health insurance to Kenyans. [2] The core business and mandate for NHIF is to provide accessible, affordable, sustainable and quality health insurance for all Kenyan citizens. The National Hospital Insurance Fund has published new NHIF ...
Depending on your income, you can earn up to $2,500 of the cost of qualified tuition and course material paid during the tax year. Payments and refunds include estimated tax payments and amounts withheld from your paycheck. If you've overpaid your taxes, you'll receive a refund. Tax schedule Tax schedule used to report capital gains in the USA