Funding drought slams brakes on Mobius 13-year venture
Mobius Motors Kenya delivered a car it believed could traverse the country’s variable road terrain with comfort and versatility. But,…
KRA fined KCB, Spire Bank Sh2bn for remitting tax late
Kenya Commercial Bank (KCB) and Spire Bank paid Kenya Revenue Authority (KRA) Sh2.1 billion and Sh152.2 million, respectively, in fines…
Motorists, top earners win as Finance Act 2023 falls
Motorists and high-income earners are among the biggest winners after the Court of Appeal declared the Finance Act 2023 unconstitutional.…
Traders on edge as KRA goes for unpaid old taxes
The Kenya Revenue Authority (KRA) has written to scores of businesses notifying them of overdue value-added tax (VAT) balances that…
