The Central Bank of Kenya (CBK) has issued new rules to payment service providers including commercial banks and technology companies warning the boards of directors that they face “ultimate” liability in case of criminal breaches.
About 400, 000 people could have their Personal Identification Numbers (PIN) deactivated and pay deducted after the Kenya Revenue Authority sent notices to those who failed to file their tax returns by June 30.
Taxpayers spent Sh1.9 billion in rent for Kenyan diplomats over the nine months to September in top cities like London, Washington and New York who have been forced to rent homes as their State-owned residences fall apart due to neglect.
Kenya is steadily enhancing its attractiveness to international investors, but “endemic” corruption slows the flow of foreign capital into the country's economy, the US State Department said on Thursday.
The Kenya Revenue Authority (KRA) is preparing to raid drinking water and other beverages from September in an effort to raise an additional Sh3.6 billion from excise tax following the introduction of additional excise stamps.