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Business

KRA retains 8 percent tax on employee welfare benefits despite CBK rate cut
Business

KRA retains 8 percent tax on employee welfare benefits despite CBK rate cut

This is the first time in five quarters that the tax rate has remained unchanged despite a cut in the CBK’s Central Bank Rate (CBR). The CBK lowered the CBR to 9.25 percent from 9.50 percent on October 7, 2025, extending a monetary policy easing cycle that began in August last year and has reduced the rate by a total of 3.75 percentage points.

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Treasury flags risk of billions in counties using private revenue systems
Business

Treasury flags risk of billions in counties using private revenue systems

The Treasury report underscores that such dependency undermines accountability and financial efficiency, making it difficult for counties to achieve self-sufficiency through own-source revenue. Despite setting ambitious collection targets, many counties continue to fall short, relying heavily on national government transfers to fund their operations.

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