Set cap on taxable personal income – ICPAK
by JACKTONE LAWI-The Star Accountants are now proposing maximum tax bands on personal incomes as a way to prevent over-taxation. In a submission to the National Assembly’s Finance and Planning by the Institute of Certified Public Accountants noted that the lack of a framework for this has exposed Kenyans to increased taxation. The country has been […]
Stop double taxation on personal income — ICPAK.
By EDWIN MUTAI-Business Daily Accountants have asked Parliament to amend the law to ensure that taxes and levies are netted off before an employee’s pay is subjected to Pay as You Earn (Paye). The Institute of Certified Public Accountants of Kenya (ICPAK) and consultancy firm Deloitte told Parliament that to prevent over-taxation on personal income, […]
Accountants want qualifications for IEBC chair changed
by ALLAN KISIA AND MARGARET ACHIENG The Institute of Certified Public Accountants of Kenya (ICPAK) has called for an amendment to the provision on qualifications for appointment of the chairperson to IEBC. In its presentation to the National Dialogue Committee, ICPAK said the current provisions ring-fence the position of chairman to legal professionals, leaving out other […]
Public, private firms face tighter ESG disclosures
By Julians Amboko-Business Daily Listed and non-listed companies should expect tighter disclosure and compliance requirements with regard to Environmental, Social and Governance (ESG) disclosures with the launch of the inaugural global sustainability reporting standards in the country now slated to take place in early September. The Institute of Certified Public Accountants of Kenya says it […]
Here is how to effectively fund housing sector.
By FCPA George Mokua Institute of Certified Public Accountants of Kenya Access to shelter is a fundamental human right and a basic need. Globally, housing is, on average, the single-largest expenditure item across income groups. Article 42 of the Constitution gives Kenyans the right to accessible and adequate housing and sanitation standards. The recent discourse […]
ICPAK picks Grace Kamau as new CEO.
by ALFRED ONYANGO-The Star The Institute of Certified Public Accountants of Kenya (ICPAK) has appointed Grace Kamau as the new CEO for a three-year tenure beginning August 1. She is currently serving as the CEO in an acting capacity, a position she held since January this year. Previously, she served as the director of finance and […]
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 […]