Kenya Kwanza had to make tough decisions on taxes, says Mudavadi
By Kivisu Mbungu-People Daily Prime Cabinet Secretary Musalia Mudavadi has defended the Finance Bill 2023, saying it is part of the government’s strategy to fix the economy. Mudavadi said the government has had to make tough decisions and that it will take time to turn around the economy. “The government has taken a bold step […]
Brace yourselves for 3 tough years, Mudavadi warn Kenyans.
By Joakim Bwana-Standard Prime Cabinet Secretary Musalia Mudavadi has asked Kenyans to tighten their belts for a three-year economic turmoil that has seen skyrocketing prices of essential goods and services. He said the government would make hard and unpopular decisions, including reduction of the workforce through trimming state corporations to pull the country from economic […]
Don’t claw back devolutions wins, Barasa says
By Mike Kihaki-Standard Kakamega Governor Fernandes Barasa has asked the national government to stop interfering with devolved functions. Speaking in Mombasa during the yearly meeting for accountants, Barasa urged state officials to respect and support the independence of institutions tasked with promoting devolution. “There is a systematic attempt by the national government to claw back […]
ACCOUNTANTS HOLD THE 40TH ANNUAL SEMINAR IN MOMBASA
Accountants hold the 40th annual seminar in Mombasa. Meeting to articulate accountants’ role in economic recovery strategies.
Accountants take Prime CS to task over inflation, proposed taxes.
By Joackim Sakwa Prime Cabinet Secretary Musalia Mudavadi was yesterday taken to task by the accountant professionals who demanded to know how the government is addressing the high cost of living, and high proposed taxes in the finance bill 2023. The Institute of Certified Public Accountants of Kenya (ICPAK) said they were among Kenyans who […]
Mudavadi to outline state’s economic recovery strategies at accountants’ meeting
By Allan Kisia-The Star Political Reporter Prime Cabinet Secretary Musalia Mudavadi will deliver the keynote address during the 40th Edition of the annual seminar of the Institute of Certified Public Accountants of Kenya (ICPAK). Mudavadi’s address will center on Kenya Kwanza’s economic recovery strategies and government priorities for the next financial year (2023-2024). The event […]
Micro small businesses as a panacea to low tax revenue
FCPA George Mokua- ICPAK Chairman. The Government of Kenya continues to face an unprecedented and deteriorating cash-flow situation leading to delayed disbursements to County governments and payment of salaries to civil servants. This has partly been attributed to increasing public expenditure demands compared to achievable tax and non-tax revenues. This challenge could be addressed if […]
Expanding tax base through small firms, formalising ‘jua kali’
FRANCIS NDERITU Micro, Small and Medium Enterprises popularly known as MSMEs are engines of growth, vital to most economies. Micro enterprises have less than 10 employees, small enterprises have 10-49 employees while medium-sized enterprises have 50-49 employees with annual turnovers estimated at less than 10 million, 50 million and less than 100 million respectively. In […]