Economy | The East African Business Mirror
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Wednesday, July 17, 2024
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Kenya targets Chinese imports in new tax evasion crackdown

Chinese imports are set for tighter scrutiny as President William Ruto’s government intensifies a purge on entities and individuals who undervalue products...

Pain at the pump: How fuel prices will retail in different...

Tough times are here and so are the fuel prices.  In the new review by the Energy and Petroleum...

Brace yourselves for tougher times, CS Chirchir says

Energy Cabinet Secretary Davis Chirchir has addressed the issue of the rise of prices of fuel after an uproar from Kenyans.

Dollar-for-oil swaps strain Kenyan shilling

The Kenyan shilling is facing increased pressure as a substantial amount of dollar-denominated loans taken by oil marketers from banks last year...

New payslip pain for workers as Treasury plans tax relief axe

The Treasury is contemplating eliminating tax reliefs on pay-as-you-earn (PAYE) taxes, which could lead to smaller payslips for salaried employees. This proposal...

Approval granted to an additional 500 data handlers within a three-month...

Over the span of three months, ending in August 2023, the Office of the Data Protection Commissioner (ODPC) granted approval to an...

Government expenditure on civil servants’ bonuses and salaries reaches sh4.2 billion...

Government spending on civil servants' bonuses, salary increases, and Collective Bargaining Agreements (CBAs) reached a substantial sum of Sh4.27 billion in the...

Equity Group Holdings Reports Kshs. 26.3B Profit in 2023 H1 Results

In summary: Growth In Assets Of 23% To Reach Kshs.1.645 trillion. Net Loans Register...

Shilling depreciation hits foreign investors with significant losses, undermining investment appeal

The substantial depreciation of the Kenyan shilling against the US dollar has inflicted substantial exchange losses on foreign-owned enterprises and investors, jeopardizing...

Employers and agents prepare for dual impact of retroactive taxes

The decision by KRA to apply new taxes retroactively from July 1 has created challenges for tax agents as employers face double...

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