How the AG scuttled taxman bid to retain Sh17bn revenue
Mutai, Eric
How the AG scuttled taxman bid to retain Sh17bn revenue Eric Mutai - Niarobi Nation Media Group 2012 - p.1 & 4 Business Daily(October 8, 2012)
-10pc excise duty on fees charged for money transfer by telecoms and banks-sh4.5billion.
-20pc capital gains on mining, oil and gas prospecting companies-sh1.5billion.
-surplus funds from entities such as CBK,CMA,RBA,IRA, phamacy board- sh8billion.
-PAYE from recently awarded salary increment to public service workers-sh5billion.
-Refunds from AMISON operation in Somalia-sh14billion.
-Sh2 billion allocated to KRA to enhance efficiency. Agency commission increased to 2pc of revenues.
Tax---Kenya Revenue Authority
How the AG scuttled taxman bid to retain Sh17bn revenue Eric Mutai - Niarobi Nation Media Group 2012 - p.1 & 4 Business Daily(October 8, 2012)
-10pc excise duty on fees charged for money transfer by telecoms and banks-sh4.5billion.
-20pc capital gains on mining, oil and gas prospecting companies-sh1.5billion.
-surplus funds from entities such as CBK,CMA,RBA,IRA, phamacy board- sh8billion.
-PAYE from recently awarded salary increment to public service workers-sh5billion.
-Refunds from AMISON operation in Somalia-sh14billion.
-Sh2 billion allocated to KRA to enhance efficiency. Agency commission increased to 2pc of revenues.
Tax---Kenya Revenue Authority