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Tag Archives: Capital gains tax

KRA asked to delay rollout of capital gains tax

NAIROBI: Kenya Revenue Authority (KRA) has been asked to soften its stance on Capital Gains Tax to prevent a contraction in the capital and real estate markets. The Institute of Certified Public Accountants of Kenya (ICPAK), pleads with the KRA to delay the rollout in order to accommodate grievances raised by industry stakeholders. “While the intention by the Government is ... Read More »

Stockbrokers moves Kenya court against capital gains tax

NAIROBI: Stockbrokers moved to court to challenge a judgement on capital gain tax which allows Kenya Revenue Authority to tax them. The Kenya Association of Stockbrokers and Investment Bankers has challenged judge Mumbi Ngugi’s March 20 decision to throw out their petition seeking to shelve the tax.Ngugi ruled that Parliament properly passed the law and its implementation is a matter ... Read More »

Property investors in New Zealand to face capital gains tax

WELLINGTON:  Property investors in New Zealand could soon face a capital gains tax, as the currently overheated housing market poses risks of economic instability for the entire country. The government of New Zealand needs to reconsider implementing a tax on capital gains garnered from the sale of investment properties, according to new information release by the Deputy Governor of the ... Read More »

UK Customs team to visit Pakistan for FBR’s capacity-building  

ISLAMABAD: A delegation of Her Majesty Revenue and Customs (HMRC) will visit Pakistan next week for further discussion on extending financial assistance to the Federal Board of Revenue (FBR) in capacity building of different departments, Customs Today reliably learnt on Thursday. HRMC is the UK’s tax authority and is responsible for making sure that the money is available to fund the ... Read More »

PIDE terms fiscal revenue target ‘too ambitious’

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has described the revenue target of Rs2,810 billion for the fiscal year 2014-15 as too ambitious to be met, saying the projected increase in revenue collection target is likely to be missed due to various factors. In a report, the PIDE cited that the highest growth in tax collection Pakistan had ever ... Read More »