Stanbic Bank and KRA Partner to Revolutionize Customs Payments with New Ushuru Pay Platform

Stanbic Bank Kenya and the Kenya Revenue Authority (KRA) today announced a groundbreaking partnership, launching “Ushuru Pay,” an innovative digital solution set to transform customs tax and levy payments across the nation. This new platform, seamlessly integrated with the KRA’s Integrated Customs Management System (iCMS), promises a faster, more secure, and entirely cashless experience for…

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Kenya Revenue Authority Unveils New PAYE Tax Rates Following the Lift of Finance Act 2023 Suspension

Kenya Revenue Authority (KRA) recently unveiled new Pay As You Earn (PAYE) tax rates following the lifting of the suspension on the Finance Act 2023. The revised rates, which have been in effect since July 1, apply to employees earning over Sh500,000. Notably, there is a significant increase in taxes for those falling into different…

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