Major tax changes target digital economy and multinational corporations
The National Treasury plans to introduce sweeping tax reforms aimed at expanding the tax base, enhancing revenue collection, and ensuring ...
Friday, December 27, 2024
Tag: Treasury
Kenya’s new transport policy aims to slash costs, streamline government fleet
The government has introduced a draft transport policy aimed at cutting costs and improving efficiency across its fleet of vehicles. ...
National Treasury sets 5.5% growth target for 2024/25
The National Treasury has released its annual borrowing plan for the financial year 2024/2025, forecasting a 5.5% growth rate for ...
Mbadi pledges 30% budget boost for KRA to improve staff welfare
The Kenyan government will prioritize improving staff welfare at the Kenya Revenue Authority (KRA) to enhance tax administration and collection, ...
National Treasury commences transition to accrual accounting in public sector
Kenya has initiated a significant reform of its public financial management system, transitioning from cash-basis to accrual-basis accounting over the ...
Treasury pushes for interest rate cuts as inflation falls
Treasury Cabinet Secretary John Mbadi is calling for an urgent reduction in the Central Bank of Kenya’s (CBK) interest rates ...
Senate questions Treasury’s move to slash KES 20 billion in county funds
Treasury Cabinet Secretary John Mbadi faced intense scrutiny from the Senate Committee on Finance and Budget over the government’s proposed ...
Government claims KES 211 billion loss if Finance Act 2023 is invalidated
The Kenyan government has sought to overturn a Court of Appeal decision that invalidated the Finance Act 2023, warning that ...
Treasury CS John Mbadi unveils plan to cut VAT to 14% and corporate tax to 25%
Kenya's government has announced plans to reduce key tax rates in the medium term, including cutting Value Added Tax (VAT) ...
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MPs accuse Treasury of deliberate KES 218.5 billion funding delays on vital projects
Members of Parliament have accused the National Treasury with deliberately undermining crucial development projects by withholding KES 218.5 billion intended ...
