KRA’s goal is to collect Sh2.67 trillion in total revenue by the end of the current financial year ending on June 30, meaning that it has collected 79 percent of its target and will need to raise an ...

According to tax experts, the amendment of the Value Added Tax (VAT) Act in the Finance Bill 2025 could increase the consumer ...

At present, beyond the tax-free threshold of Tk350,000, the tax rates are structured as follows: 5% on income for next Tk1,00,000, 10% on income for next Tk400,000, 15% on income for next Tk500,000, ...

Before we dissect the madness stitched into the Finance Bill 2025, let us pause and salute the fiery spirit of Kenya’s Gen Z—the generation that, in 2024, shook the nation out of its slumber and ...

Among the tax heads proposed for changes in the Finance Bill 2025 is the Tax Procedures Act, which allows the Kenya Revenue ...

Option C would cut the top income tax rate from 6.2% to 5.49% and reduce the bottom tax bracket from 3.5% to 1.99%. Speaker Smith and Ways & Means Chairman Bruce Bannister (R) offered these ...

3. You Fall in the Higher Income Tax Bracket In the old regime, the 30% highest tax rate kicks in once your income crosses ₹10 lakh. But in the new regime, this top tax rate applies only after ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Income Tax: The financial year 2024–25 has come to an end and the tax filing season has kicked off. As the last date to file Income Tax Returns (ITR) is July 31, taxpayers now have nearly three ...

Pakistan, ranks among the Emerging Market and Developing Countries (EMDEs) with the widest range of tax rates and the widest range of income thresholds across personal income tax brackets ...

Nairobi: On 10th April 2025, the Kenya Revenue Authority ... monthly MRI tax returns through eRITS. These monthly returns are official and feed into the individual's or entity’s overall tax returns, ...

With the party leaders’ debates now behind us, and the federal election just days away, what better time to take a brief look at a few of the more interesting tax policies announced by three of the ...