Ukraine allies pledge to take Russian oil and gas off global market

Over 20 nations supporting Ukraine have pledged to remove Russian oil and gas from the global market to pressure President Vladimir Putin to end the war. This decision was made during a summit in London hosted by UK Prime Minister Sir Keir Starmer.

KRA Announces Four Hour System Outage

The Kenya Revenue Authority (KRA) has announced a four-hour system outage for its iTax portal this weekend due to scheduled maintenance, making the system inaccessible to users.

Lenders pay Sh38.5 in tax for every Sh100 profit

Kenyan lenders paid 38.5% of their profits in taxes in 2024, a decrease from the previous year, according to new industry data. This significant contribution highlights the banking sector's crucial role in national revenue.

Banks remit Sh194.8bn in taxes to Treasury

Kenyan banks remitted a substantial Sh194.81 billion in taxes to the National Treasury in 2024, highlighting their significant economic contribution. This amount represented 8.09 percent of the total government tax receipts.

There's no bill that taxes freehold land, says National Assembly Majority Leader Kimani Ichung'wah

Why unremitted pension contributions have hit Sh65 billion

The Kenyan pension sector is calling for legislative changes to empower the Kenya Revenue Authority (KRA) to collect unremitted pension contributions, which have now reached a staggering Ksh65 billion. This amendment aims to address the significant challenge of outstanding payments impacting retirees.