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Home Tag Kenya Revenue Authority (KRA)

Tag: Kenya Revenue Authority (KRA)

Kenyan authorities have yet again seized another multi-million shipment by rogue importers. Kenya Revenue Authority (KRA) seized 144 drums of imported Ethanol at the Port of Mombasa, which had been mis-declared as 1,000 bags of cement. Customs officers have also seized another high end motor-vehicle, a Range Rover Sports suspected to have been stolen from the United Kingdom. The importation of ethanol is restricted with only licensed firms and dealers being allowed to import the product to reduce the manufacturing of illicit alcohol in Kenya.

Kenya continues ambush on contrabands

by Chacha Mwita

Barely a month after intercepting a consignment of contrabands and illegal imports at the Port of Mombasa, Kenyan authorities have ...

KQ Geneva www.theexchange.africa

Airlines losses prediction worsens KQ’s gloomy future

by Njenga Hakeenah

Kenya Airways is launching new routes to new destinations as it seeks to turn around years of loss-making despite the ...

Kenyan authorities have unearthed an international car smuggling syndicate targeting the East Africa region. Vehicles suspected to be stolen from the UK have been finding their way into Kenya, Uganda and the East Africa region. A multi-agency team involving KRA, National Security Agencies, Interpol, United Kingdom Authorities and other international partners have been working together in investigations to break the syndicate involving the smuggling of stolen high-end vehicles from Europe.

How Kenya busted UK-East Africa car smuggling racket

by Chacha Mwita

Kenyan authorities have unearthed an international car smuggling racket targeting the East Africa region, one in many that have been ...

The Kenyan government has now resorted to vetting of importers and exporters of consolidated cargo in the latest move to curb tax evasion. This comes in the wake of recent delays in clearing of cargo at the Nairobi Inland Container Deport (ICD) as authorities opt for 100 per cent verification on containers with consolidated goods. This is on suspicion of under-declaration and misdeclaration by traders in a tax evasion racket that has been denying the government revenues amounting to billions of shillings. President Uhuru Kenyatta says the government will vet and register all import and export cargo consolidators to root out tax evaders.

How Kenya plans to curb tax cheats on import, exports of consolidated cargo

by Chacha Mwita

The Kenyan government has now resorted to vetting of importers and exporters of consolidated cargo in the latest move to ...

As Kenya reins on betting companies, UK's CellCast moans

As Kenya reins in betting companies, UK’s CellCast mourns

by Kimani Chege

Kenya has moved to rein in betting companies in what has been described as an 'increasing political opposition into the ...

Kenyan authorities have unearthed an ethanol smuggling ring at the Nairobi Inland Container Deport in the latest efforts to curb illicit trade in Kenya. Kenya Revenue Authority intercepted a consignment of smuggled ethanol from the United Arab Emirates declared as imported spaghetti at the ICD. The impounding comes as illicit alcohol remains the biggest concern in Kenya’s alcoholic beverage industry

UAE smuggled ethanol impounded in Kenya

by Chacha Mwita

Kenyan authorities have unearthed an ethanol smuggling ring at the country’s major Inland Container Deport (ICD), in the latest efforts ...

After close to two years of a trade tension between Kenya and Tanzania on free market access of locally produced goods, the two neighbours have agreed to call a truce. The fourth bilateral trade meeting on Non-Tariff Barriers (NTBs) held in Arusha saw the two East Africa Community member states agree to open their borders for trade while they move to jointly implement a Single Customs Territory.

New dawn as Kenya-Tanzania agree on trade terms

by Chacha Mwita

The two have agreed to implement a Single Customs Territory (SCT) to enhance clearance of goods and promote trade After ...

Glovo, one of the world’s fastest growing delivery players has announced a USD169 million Series D funding round, led by international venture capital firm Lakestar, as it plans to expand its operations in Africa. The start-up, which recently launched in Nairobi, will use this injection of funding to bolster its growth within the Sub-Saharan Africa market.

Investing in Kenya’s logistics space

by Chacha Mwita

Delivery has become the in-thing in the market. Customers nowadays don’t have to go to the shops but can just ...

The Kenya Revenue Authority (KRA) has received a go-ahead to collect more than Ksh2.7billion (US$26.7 million) worth of monthly taxes on withholding tax on winnings from Sportpesa.This follows a ruling by Milimani Commercial Courts Chief Magistrate, Peter Gesora, allowing KRA to collect withholding taxes on winnings from betting games on the Sportpesa platform among others, that have been failing to withhold tax on winnings.

Why Kenya will not collect taxes from sports betting

by Chacha Mwita

The Kenya Revenue Authority (KRA) has hit a technical snag in its efforts to collect taxes amounting to more than Ksh2.7 ...

KRA Commissioner-General John Njiraini. KRA has denied ‘enabling’ narcotics importation in duty-free window.

KRA struggles as stinking rich Kenyans hide trillions abroad

by Njenga Hakeenah

Wealthy Kenyans are hoarding nearly two times Kenya’s 2018-19 Sh3 trillion (USD 30 billion) budget representing about 65 per cent ...

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