Sharp Daily
No Result
View All Result
Sunday, July 13, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Ndindi Nyoro urges KRA to halt tax hikes without public Input

Brenda Murungi by Brenda Murungi
March 25, 2024
in News
Reading Time: 1 min read

Ndindi Nyoro, the chairperson of the Budget Committee in the National Assembly, has urged the Kenya Revenue Authority (KRA) to refrain from imposing extra taxes on Kenyans without conducting public consultations.

The Kiharu Member of Parliament emphasized the importance of consulting business owners and stakeholders before implementing any alterations to the taxation structure.

“I respectfully ask KRA to note it is important to do public participation before they make changes especially on duties like the one, we saw recently. Call all the stakeholders together and talk to them,” Nyoro said.

He singled out the addition of duties from the current KES 2.5 million to KES 3 million stating that it would negatively affect business who imported goods before the shilling started gaining against the dollar.

“Call the businesspeople and talk to them because some imported goods when the dollar exchange rate was high, and they are suffering. If you add the duty, they will either incur losses or pass over that cost to the consumers.” he stated.

RELATEDPOSTS

Artificial intelligence: Kenya’s next frontier for innovation

January 29, 2025

The case for governments enabling, not competing with, private enterprises

January 7, 2025

According to Nyoro, all government agencies including KRA should support businesses in line with the Kenya Kwanza manifesto. “We are a government who supports businesses across the country. All the government agencies, our work is to incentivize businesses and enterprises in Kenya,” Nyoro explained.

The MP also asked the Anti-Counterfeit Authority (ACA) to educated businesspeople on the meaning of the word “counterfeit” to eases their operations. He said ACA should also support businesses in production and allow for emulation to help grow the economy.

Previous Post

Nairobi county plans skyscraper construction with proposed zoning framework

Next Post

Kenyatta University VC warns against scammers targeting the bereaved

Brenda Murungi

Brenda Murungi

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025

How Kenya is future-proofing its economy against illicit finance

July 9, 2025

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024