Saturday, May 24News That Matters

Tag: tax

KRA To Set Up Forensic Lab To Nab Tax Cheats
Business

KRA To Set Up Forensic Lab To Nab Tax Cheats

Kenya Revenue Authority (KRA) will soon be armed with cyber forensic lab facilities to nab tax cheats as it hopes to build a state-of-the-art forensic lab. The lab is expected to equip KRA to recover all deleted files, mine hidden data including hidden accounts from tax payers computers to uncover tax and financial frauds."The proposed Digital Forensic lab will be set up to perform the activities of forensic Acquisition, Extraction and e-discovery of evidential materials," says KRA. While investigating cases of tax evasion in the country, the tax man hopes to build water tight evidence against those that it will take to the courts. The move comes in response to the rising trend among individuals and businesses as they switch to electronic record keeping which has become probl...
Cost of Airtime, Internet Data and Cooking Gas Before and After New Tax Law .
local news

Cost of Airtime, Internet Data and Cooking Gas Before and After New Tax Law .

Prices of various items have skyrocketed after the government moved to implement the Finance Act, 2021, which has come into force after President Uhuru Kenyatta signed the Finance Bill into law. The Finance Act, 2021, introduced amendments to various tax-related acts of parliament and related statutes in the public finance sector. Airtime, data and SMS Following an amendment to the Finance Act, 2018, the government increased excise duty on telephone and internet data services from 15% to 20% effective July 1.Telecommunications giant Safaricom has increased the price of voice calls, data, short message service (SMS) and home fibre. The changes will affect all pre-pay subscribers under both the Uwezo and Blaze tariffs. Safaricom calls now cost KSh 4..87 per minute in peak hours (8...