Kenya’s Corporate Taxation: Current Rates and Policies
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Kenya’s Corporate Taxation: Current Rates and Policies
Corporate taxation is an important source of revenue for the government of Kenya, and it plays a crucial role in supporting the country’s economic growth and development. In this article, we will discuss the current rates and policies of corporate taxation in Kenya.
The current corporate tax rate in Kenya is 30% for companies with annual taxable income of up to KES 5 million and a reduced rate of 25% for companies with annual taxable income of more than KES 5 million. In addition to the corporate tax rate, companies in Kenya are also subject to other taxes, such as value-added tax (VAT) and payroll taxes.
One of the key policies of corporate taxation in Kenya is the promotion of investment. The government offers a range of tax incentives to encourage investment in the country, including tax holidays, reduced tax rates, and exemptions from certain taxes. For example, companies engaged in certain sectors, such as manufacturing, agriculture, and tourism, may be eligible for tax holidays, which allow them to defer payment of taxes for a specified period of time.
Another important policy of corporate taxation in Kenya is the development of special economic zones (SEZs). SEZs are designated areas in the country where companies can operate in a tax-friendly environment, with lower tax rates and other benefits. The goal of SEZs is to attract foreign investment, create jobs, and spur economic growth.
The government of Kenya also has a policy of promoting domestic investment. This is achieved through a range of tax incentives, such as tax credits, investment allowances, and reduced tax rates for companies that invest in the country. For example, companies that invest in certain sectors, such as agriculture, may be eligible for tax credits, which allow them to reduce their tax liabilities.
In addition to tax incentives, the government of Kenya also has a policy of ensuring tax compliance. The Kenya Revenue Authority (KRA) is responsible for enforcing tax laws and collecting taxes, and it has the power to impose penalties on companies that fail to comply with tax laws. The KRA also provides a range of taxpayer services, including assistance with tax returns, help with tax disputes, and information on tax laws and policies.
In conclusion, corporate taxation is an important source of revenue for the government of Kenya, and it plays a crucial role in supporting the country’s economic growth and development. The current corporate tax rate in Kenya is 30% for companies with annual taxable income of up to KES 5 million and a reduced rate of 25% for companies with annual taxable income of more than KES 5 million. The government offers a range of tax incentives to encourage investment and promote domestic investment, as well as enforcing tax compliance through the KRA. By balancing the need for revenue with the need to support economic growth, the government of Kenya is working to create a tax system that supports the country’s development and prosperity.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
|
|
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
|
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!! |
|
|
Kenya’s Corporate Taxation: Current Rates and Policies
PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!