There are two types of charges in form of taxes that Kenyans pay; direct and indirect taxes. Indirect taxes are those charges that you pay when you buy goods and services and they include Value Added Tax (VAT), excise duty, and custom taxes. Direct taxes are the amounts you remit directly to the government as income tax. Income Tax Income tax is the percentage that an individual or business remits directly to government through the Kenya Revenue Authority. The direct tax department of the KRA deals with the income tax that is divided into four categories. Pay As You Earn…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
The overdraft facility will attract a daily charge of 0.5 per cent of the borrowing as a top-up to enable M-Pesa clients complete transactions.
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) is set to meet on Tuesday. This follows the MPC’s decision to maintain the interest rate at 9.00% on September 25. This was amidst rising inflation expectations and the reintroduction of Value Added Tax (8.0%) on petroleum products. The Monetary Policy Committee has indicated a neutral stance, allowing time to assess the effects of these changes on price stability and the economy’s response to its previous decisions. Despite slow growth in private sector credit, the macroeconomic environment remains relatively stable with improved growth compared to last year. However,…
Huddah Cosmetics, a beauty company, is leveraging its brand on Mula to bring new shopping experience using Augmented Reality (AI) on Facebook Messenger in partnership with Cellulant and Facebook where customers can discover, try the product before they buy. Huddah Cosmetics is credited to its bold and daring founder, Kenyan model and entrepreneur, Alhuda Njoroge popularly known as Huddah Monroe. Launched in 2016, Huddah Cosmetics provides a solution to long lasting day-to-day makeup needs for African women. “I am excited to be the first Hustle-preneur to work with Cellulant and Facebook as they launch this new shopping experience using Augmented…
Safaricom PLC (NSE: SCOM) Home Fibre is now inclusive of mobile data, calls and a preferential home insurance cover in a new partnership with Jubilee Insurance. This means customers will not be required to compile an inventory of their household goods to benefit from the policy. “This partnership with Safaricom is just the beginning and we will continue to disrupt the industry so as to reach more people with our insurance solutions so they can live free,” said Winnie Njau, General Manager – General Insurance Business, Jubilee Insurance. Read: Five Kenyan Stocks To Watch Out For In The Insurance Sector Equally,…
Safaricom Plc has launched M-PESA Global, a first-of-its-kind service that allows all M-PESA customers to send money to virtually anyone worldwide. This can be done through various channels, including direct transfers into bank accounts and pick-ups at over 500,000 Western Union agent locations. M-PESA Global enables customers to make and receive payments from over 200 million PayPal customers across 200 global markets. According to Safaricom’s Chief Financial Services Officer, Sitoyo Lopokoiyit, M-PESA Global aims to connect Kenyans to global opportunities by facilitating seamless transactions between Kenyans and the rest of the world. Sylvia Mulinge stated during the launch that M-PESA…