Sharp Daily
No Result
View All Result
Friday, May 9, 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

Sakaja’s first budget brings host of tax hikes for Nairobi county

Judd Mutua by Judd Mutua
September 25, 2023
in News
Reading Time: 2 mins read

In an ambitious plan to raise KES 19.9 billion annually, the Nairobi County government has proposed a number of new taxes and tax increases in almost all areas of county operations.

The changes have been captured in the Nairobi City County Finance Bill 2023 which is now out for public participation.

If the bill is passed, betting shops will be required to pay KES 50,000 as the annual fee and KES 10,000 as renewal fees. They will also have to pay KES 100,000 in grant fees.

Read more: KRA sheds light on its training partnership with KDF for new field staff

RELATEDPOSTS

Greening Nairobi: Steps toward a cleaner and more sustainable city

February 14, 2025

Nairobi revives plans to tackle city center congestion

February 6, 2025

The bill also proposes new taxes for public health services, such as a KES 10,000 public health clearance charge for water bowsers and a similar charge for an effluent discharge permit. There are also new charges for medical waste management and inspection of institutions.

Fees for renting market stalls, food courts, shops and public places will also increase. Charges for a large stall will now be KES 16,250 compared to the previous rate of KES 12,500 .

Parking in Zone 1 areas such as the central business district, Kijabe Street, Upper Hill Community, Ngara, Highridge, Industrial Area, Gigiri, Kilimani, Yaya Centre, Milimani, Hurlingham, Lavington, Karen, Eastleigh, Muthaiga, Gikomba and Nairobi West will increase.

New parking rates for Zone 1 will be KES 300 for a saloon car, KES 500 for a van and KES 1,000 shillings and above for trucks.

Read more: Absa Bank launches Buy Now, Pay Later feature for credit cards

However, rates in Zone 2 areas such as South C, Madaraka, Mugoya Estate, Komarock, Huruma and Mathare will decrease. Parking for a saloon car will now cost KES 100 down from KES 200 and will cost KES 150 and KES 500 for vans and lorries respectively.

The new taxes were proposed as part of this year’s budget, the first created by the Sakaja-led administration. The county aims to raise KES 19.9 billion in revenue to help finance a KES 42.3 billion budget.

“This Finance Bill reflects the county government’s commitment to open governance, equitable taxation, and efficient resource utilization to create a better Nairobi for all residents,” said the Office of the County Chief Officer in a statement.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenyan car dealer busted smuggling cocaine in Sri Lanka

Next Post

PS Bitok: New digital IDs will curb fraud for businesses

Judd Mutua

Judd Mutua

Judd Mutua is a journalist with wide ranging interests ranging from the world of finance to the latest in tech and business news. Off duty you can find him reading his favorite books and manga. Send tips via jmutua@thesharpdaily.com

Related Posts

News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025
News

Police Launch Probe Into Alleged Misconduct at National Drama Festival

April 11, 2025

LATEST STORIES

A magical birthday at the springs

May 8, 2025

PSG defeat arsenal to reach Champions League final

May 8, 2025

The hidden risks of family-owned companies

May 8, 2025

Tackling Kenya’s housing crisis with affordable solutions

May 8, 2025

President Ruto’s economic failures root of rage

May 8, 2025

Why CURBS & CPRBS suit NSSF tier II contributions

May 7, 2025

Inter Milan vs. Barcelona – A Champions League classic

May 7, 2025

AI’s ethical implication in customer interaction and marketing

May 7, 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