Day: October 14, 2020

Personal reliefs A resident individual with taxable income is entitled to a personal relief of Kshs. 1,162 per month (i.e. Kshs. 13,944 per annum). This is a uniform relief and employers are advised to automatically grant personal relief to all Read More …

Introduction Employment income is one of the specified sources of income chargeable to tax. Employees are charged to tax on all benefits received from employment (both cash and non cash) Employers are required to operate a pay as you earn Read More …

The Kenya Revenue Authority (KRA) was established by an Act of Parliament, Chapter 469 of the laws of Kenya , which became effective on 1st July 1995 . The Authority is charged with the responsibility of collecting revenue on behalf Read More …

Introduction Taxes may be classified based on: Administrative collection arrangements: Direct taxes and indirect taxes. Tax rates: Progressive, proportional, regressive and digressive taxes Tax bases Classification Based on Administrative Collection Arrangements Direct Taxes This is a tax that requires a Read More …

Tax Impact This is the first point of contact of tax on the taxpayers. It’s upon those persons who bear the first responsibility of paying it to the government. Tax Incidence This is the final resting place of tax. It’s Read More …

“Taxable capacity is that maximum amount which the community is in a position to bear towards the expenses of public authorities without dislocating the economic systems. It is the optimum tax ability of a nation. The amount of tax burden Read More …