BUDGET 2017/18
How Rotich can make Kenyans happy without cutting tax rates

Stanley Ngundi When presenting the Budget Statement last year, Treasury Cabinet secretary Henry Rotich offered goodies to Kenyans by raising the tax bands by 10 percentage points and increased the monthly personal relief (MPR) from Sh1,162 to Sh1,280, amounting to tax savings of up to Sh609 per month. I...
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Safaricom slashes Lipa na M-Pesa tariff by half

Safaricom will next week implement 50 per cent tariff reduction for all Lipa Na M-Pesa Buy Goods merchant fees, a move geared towards uptake of the service. Under the new Lipa Na M-Pesa tariff, merchants will be charged a maximum of 0.5 per cent of the transaction amount, down from the previous maximum...
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Population, devolution raise State expenditure

Raphael Matu It is worth noting that Kenya’s Budget has been rising over time. The current budget stands at Sh2.3 trillion compared to Sh693.6 billion required to finance government operations in the 2007/08 financial year. This increase in the budget is not unexpected. Infact, the national budget is ex...
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One budget, more than 40 million interests

Today’s budget is not unique in many ways, but may not bring any new surprises for Kenyans. It is being read two months earlier because of the elections and it is the last of the Jubilee administration’s first term in office. That has not elicited excitement among Kenyans and understandably so. Over a d...
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KRA face tough task in hitting tax targets

The Kenya Revenue Authority (KRA) is expected to collect the Sh1.7 trillion revenue in the next financial year, a target Treasury is confident can be achieved. Treasury Principal Secretary, Kamau Thugge, says it is possible to collect the revenue due to ongoing reforms in tax policy and administrative m...
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