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The Kenya Revenue Authority (KRA) has suspended nil-filing for tax returns, a move intended to convert non-filers and nil-filers into active taxpayers and broaden the tax base. In other economic news, President William Ruto has responded to criticisms over the planned partial sale of the government's shares in Safaricom and Kenya Pipeline Company (KPC). Meanwhile, Kenyan businesses are facing a crisis as delayed VAT refunds, amounting to billions of shillings, are jeopardizing industrial growth.
Kenyan businesses face a growing crisis as delayed VAT refunds, amounting to billions of shillings, are now jeopardizing the nation's industrial growth and investor confidence. Urgent intervention is being called for to address the backlog and its detrimental effects.
The Kenya Revenue Authority (KRA) has announced the suspension of nil-filing for tax returns, a move aimed at converting non-filers and nil-filers into active taxpayers. This decision is expected to broaden the tax base and increase government revenue.
President William Ruto has addressed criticisms from Kiharu MP Ndindi Nyoro regarding the planned partial sale of the government's shares in Safaricom and Kenya Pipeline Company (KPC).