tax - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Scale down tax on digital transactions and phones to support small businesses, MPs urged

Sacco ReviewJune 7, 2026June 7, 2026011 mins

Residents of Taita Taveta County have called on the National Assembly to scale down proposed taxes on digital transactions and mobile phones, warning that the Finance Bill, 2026, could stifle innovation, entrepreneurship, and youth employment in the digital economy. Led by representatives from the National Youth Council (NYC) Taita Taveta chapter, the residents who were…

KUSCCO proposes amendments of Tax Act to provide uniform tax for all SACCOs

Sacco ReviewJanuary 6, 202604 mins

Kenya Union of Savings & Credit Co-operatives (KUSCCO) has submitted policy proposals to the National Treasury aimed at strengthening SACCOs and protecting member welfare. Among the proposals is the amendment of Section 19A of the Income Tax Act (ITA) to provide a uniform tax treatment for all types of cooperatives societies, recognizing their shared goals…

KNCCI chairman urges SMEs to understand taxes for business resilience and compliance

Sacco ReviewNovember 7, 202404 mins

The proprietors and managers of small and medium-sized enterprises (SMEs) have been urged to keenly research and understand the types of taxes that affect their businesses for resilience and tax compliance. The Chairman of the Kenya National Chamber of Commerce and Industry (KNCCI) Kericho branch Rev. Reubenson Malakwen Bett said SME managers should try to…

Kenyans in informal sector to pay Housing levy if amended Bill is passed

Sacco ReviewDecember 8, 2023December 8, 202303 mins

The controversial Affordable Housing Bill, 2023 has been amended to solicit the 1.5% Housing Levy contributions from individuals in the informal sector. This is after a three-judge bench declared the levy unconstitutional last week due to its discriminatory nature and unequal principles as it only targeted salaried Kenyans and expanded the tax to include incomes…

KenGen records Ksh5B in profits, plans to increase power production

Sacco ReviewOctober 27, 2023October 27, 202304 mins

The Kenya Electricity Generating Company (KenGen) has reported a 48% growth in profit after tax for the Financial Year (FY) ended June 30, 2023, surging to Ksh5.02 billion up from Ksh3.4 billion in the previous FY. It also reported a 14% growth in revenue from Ksh47.48 billion in 2022 to Ksh53.96 billion largely spurred by…

Sacco wants laws revised to remove double taxation on loans

Sacco ReviewJune 24, 2023June 24, 202306 mins

Githunguri Dairy and Community (GDC) Sacco has decried the double taxation that they are subjected to by the government, calling on policy makers to review the relevant laws that have seen them paying duplicated duty on loans advanced to members. According to Sacco chairman Joseph Gitau, they are taxed on members’ income and the same…

New pesticide tax will hit farmers hard, lobby warns

Sacco ReviewSeptember 21, 2018September 21, 201805 mins

By Our Reporter The agriculture sector is at risk of lowered productivity if the Government does not revert to zero-rated pesticides, according to Evelyn Lusenaka, Chief Executive Officer of the Agrochemical Association of Kenya (AAK). The organization has opposed the introduction of 16% VAT on pesticides saying the new tax will raise operations costs for…