Kenya Revenue Authority (KRA - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Finance Bill 2025: Gov’t slashed digital assets tax on crypto, NFTs to 1.5%

Sacco ReviewMay 10, 2025May 10, 202506 mins

The National Treasury is slashing the three per cent levy on digital assets trade introduced in 2023 by half to 1.5 per cent in the 2025 Finance Bill. A digital asset is anything identifiable that is created and stored digitally and has or provides value. The tax has targeted people dealing in crypto currencies and non-fungible tokens…

KRA records 11.1 per cent growth in revenue collection, misses target

Sacco ReviewJuly 10, 202409 mins

Kenya Revenue Authority (KRA) has recorded an increase in revenue by 11.1 per cent in the Financial Year 2023/2024 up from 6.4 per cent in the previous financial year. The authority collected KSh2.407 trillion compared to KSh2.166 trillion in the previous financial year. KRA says the performance translates to a performance rate of 95.5 per…