In Kenya, income tax is imposed on individuals and businesses based on income levels. Here are the key aspects of the income tax system in Kenya: Individual Income Tax Kenya uses a progressive tax system for individual income tax, meaning the tax rate increases with the level of income. As of the latest update, the […]
Importing a car into Kenya is a process that involves several taxes and duties. These taxes are imposed by the Kenya Revenue Authority (KRA) and are meant to generate revenue for the government while also regulating the importation of vehicles. In this essay, we will explore the various taxes that a car being imported to
In today’s dynamic financial landscape, loans have become an essential tool for individuals and businesses alike, facilitating growth, development, and financial stability. In Kenya, the significance of loans spans various sectors, including housing, education, business, and agriculture. As borrowers navigate through their financial journeys, understanding the tax implications and benefits associated with different types of
