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According to the EAC, the focus of harmonisation of excise duties and VAT is to achieve neutrality for investments and trade

Kenya pushes Uganda to remove poultry taxes Wednesday April 21 2021 Ministry of Industrialization, Trade and Enterprise Development Cabinet Secretary Betty C. Maina speaking at the Crowne Plaza Hotel, JKIA on Monday, January 18, 2021. FILE PHOTO | NMG By KEVIN ROTICH Summary Kenya has renewed its push for a review of the 18 per cent value added tax (VAT), a six per cent withholding tax and a one per cent railway levy charged on its poultry product exports to Uganda, terming it irregular. A Kenyan delegation led by the Industrialisation, Trade and Enterprise Development Cabinet Secretary Betty...

EAC secures unlimited access to Kenya-UK trade deal Monday March 01 2021 UK High Commissioner to Kenya Jane Marriott at a greenhouse at Ibis farm in Meru County on February 3, 2021. Kenya renegotiated and signed a new trade agreement with the UK by December 31, 2020. PHOTO | JOSEPH KANYI | NMG Summary East African Community Customs Union Protocol requires partner states to negotiate as a bloc. Burundi, Rwanda, Tanzania and Uganda had demanded the extension of the negotiations period by one year so that they could sign the agreement as a bloc. Advertisement East African Community (EAC) member ...

The East African Tuesday February 23 2021 Summary Source close to the negotiations told The EastAfrican that the technical experts from member countries tasked with harmonising the varying tax rules and rates in the region have not held sessions for over a year after some member countries raised concerns over the plan to harmonise value added tax (VAT), Income tax and Excise tax. Advertisement East Africa’s grand plan of harmonising domestic taxes to eliminate harmful tax competition and promote the region as a single investment destination faces headwinds as partner states develop cold f...

Crypto Needs to Engage With the World It is no understatement that currently our global financial system is structurally unsound and unsustainable. This is primarily the result of how we approach money and banking: The highly centralized bank-debt structure of money, the way money is inevitably issued and distributed and the astonishing gap between financial and ecological flows raise significant questions about the status quo. Yet, what tangible alternatives are there to reinvent this system?  Over a decade on from its inception, cryptocurrency is still the most promising tool available to ...