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Sharon Andisi, Zahra Jalalkhan and Teddy Lewis Kiemo are the winners in a digital campaign by LG Electronics dubbed “LG’s the...
Read moreThe Board of Kenswitch Kenya Limited has appointed Ms. Karimi Ithau as Managing Director as the company rolls out its...
Read moreInternational Labour Organization (ILO) and UNICEF, with the majority working in the agricultural sector. The Covid-19 pandemic threatens to reverse...
Read moreHundreds of construction sector jobs and multibillion-shilling property investments have been frozen after hackers breached the Nairobi Metropolitan Services (NMS)...
Read moreLeading energy producer, Kenya Electricity Generating Company PLC (KenGen) has started installing a Steam Turbine into the Olkaria 1 AU...
Read moreHealth care provider Penda Health has announced the appointment of Karim Moledina as its inaugural Chief Operating Officer. Moledina, who until his...
Read moreThe Kenya Revenue Authority (KRA) has been allowed to demand KShs. 643 million tax after Tax Appeal Tribunal dismissed a tax appeal filed by Central Rift Valley Water Development Agency to challenge an assessment of withholding tax amounting to KShs. 643,394,426. The assessment is based on the failure by the Agency to deduct taxes when it was paying CMC Di Ravenna, an Italian company contracted to undertake the Itare Dam Water Supply Project and Aspen International SPRL of Belgium that was contracted to undertake the Sabor Iten Tambach Water Supply Project. KRA’s case was that the two foreign companies were not exempt from Income Tax in Kenya and the services offered in the project were in the nature of management and professional services that are subject to Withholding Tax under the Income Tax Act. The case by Central Rift Valley Water Development Agency was that it was not responsible for making payments to the two foreign companies but was just an implementing entity that was inspecting the works and preparing interim payment certificates. The Tribunal found that the two foreign companies were not exempt from Income Tax and that the Agency ought to have included the amount to be withheld in the payment certificates it prepared but failed to do so. Further, the Tribunal held that KRA was right in demanding the assessed taxes of KShs. 643,394,426 and dismissed the Appeal.
Read moreA newly rehabilitated Ksh.500 million dockyard tug jetty was commissioned at the port of Mombasa. Speaking at the commissioning ceremony,...
Read moreAfrican governments have been challenged to rethink revenue mobilisation strategies as the impact of the Covid-19 pandemic continues to exacerbate...
Read moreTatu City, the 5,000-acre Special Economic Zone on Nairobi’s doorstep, has appointed global engineering firm SMEC as the lead infrastructure consultant for...
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