KRA Pledges to Facilitate Informal Sector Tax Compliance!

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The Kenya Revenue Authority (KRA) has pledged to address challenges faced by the informal sector in a bid to incentivize and onboard the sector players into the tax net.

The informal sector is estimated to employ about 15 million people, accounting for 83 percent of the country's total labor force. It has a great tax potential, but is not currently contributing its fair share to the tax base.

KRA has pledged to:

• Work with the National Treasury to establish policies that will simplify, harmonise and reduce the multiplicity of taxes obligated to the informal sector.
• Educate traders to appreciate the need for paying taxes.

Tax ...

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Date: 16 October 2023    Comments: 0

KRA and Eastleigh Business District Association (EBDA)Collaborate to Improve Tax Compliance in Eastleigh!

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Key Issues Arrived at:

• KRA and the Eastleigh Business District Association (EBDA) have committed to collaborate to bolster tax outreach and awareness initiatives for enhanced compliance and revenue mobilization.
• KRA is committed to enhance trade facilitation and simplification of tax payment for national prosperity and enhanced compliance.
• Through this collaboration, KRA would tailor its engagement and tax outreach framework to respond to the unique needs of the Eastleigh Business Community, and thereby drive compliance.
• EBDA welcomed the move by KRA stating that regular engagements had greatly improved the perception of the Authority ...

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  Date: 16 October 2023    Comments: 0

Political leaders involved in Gold Scam

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Africa is increasing number of Gold Scammers each day influenced by individuals with power and as well Political leaders with strategic influence of the security Agencies that makes them avoid Arrests!

In Kenya for Instance:

In 2021-Roysambu Aspirant Scammed a European of $500,000 (ksh. 50 Million) 

In 2023-The Deputy Chief Justice Registrar was involved in a Gold fraud of (ksh. 72 Million) 

In 2023-Kk frauded a French biz man of 32Billion

Recently on October13th Oct-Senator Allan Chesang was Involved in a $130000

 

How it happens 

Storyof hon ...

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Date: 15 October 2023    Comments: 0

Tough Petrol Fuel Economic Times Ahead for Kenyans!

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Attached are the New EPRA Fuel rates in Nairobi between 14th October-15th November 2023

-Super petrol up by Sh5.72 to Sh217.36/litre

-Diesel up by Sh4.48 to Sh205.5/litre

-Kerosene up by Sh2.45 to Sh205.6/litre

FACTS: "Fuel doesnt Go Down,it always rises or Remain Constant"

 

Read both our AFCFTA Magazine/Request a Copy via: https://afcftabusinessreview.blogspot.com [ The AfCFTA Business Review] 
Email: 

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Date: 14 October 2023    Comments: 0

Omnivoltaic Brings E-bikes and Solar Tech to Kenya and Africa, Save KSh. 700 Every 100km

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Did you know that you can Save upto KSh. 700 Every 100km with your Motorcycle (Boda Bodas) 

Omnivoltaic Energy Solutions, a company that provides off-grid energy solutions, is offering electric motorcycles (e-bikes) and solar-powered products in Kenya and all other African countries.

The company's e-bikes are much cheaper to operate than gasoline-powered motorcycles. According to Omnivoltaic CEO Andy Gao, e-bikes consume only ...

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Date: 14 October 2023    Comments: 0