Tax Reforms, Flood Preparations, Solar Fines

• public-sector
• finance

Treasury plans PAYE tax reforms next month

The Kenyan Treasury has announced plans to reform the Pay-As-You-Earn (PAYE) tax system, with proposals expected to be considered from next month, according to Kenyans. The government aims to streamline tax collection and improve compliance. The announcement comes as part of broader fiscal reforms intended to enhance revenue collection and reduce budget deficits. These changes are expected to impact both employers and employees as adjustments to tax brackets and rates are anticipated.

Impact Employers and employees will need to adjust to potential changes in PAYE tax brackets and rates starting next month.

Watch The Treasury considers the PAYE reform proposal from next month.

Sources: Kenyans ↗

• energy
• public-sector

Epra fines for illegal solar connections to Kenya Power

The Energy and Petroleum Regulatory Authority (Epra) has introduced fines for illegal solar connections to Kenya Power's grid, Business Daily reports. The new regulations include a dumping surcharge for consumers supplying excess power without authorization. This move aims to regulate the growing use of solar energy and ensure compliance with national energy policies. Homeowners and businesses with unauthorized solar setups face penalties, potentially increasing operational costs.

Impact Homeowners and businesses with illegal solar connections face fines, affecting energy costs and compliance requirements.

Sources: Business Daily ↗