News
Why You Need To Be Worried If You’re Banking With Family Bank
Some Family Bank customers face a hit of five years of uncollected back taxes after the bank issued an announcement that it will be proceeding to charge Excise Duty to all customers deductable between 2013 and 2018.
The bank claims the duties due which were not collected over the years will now be deducted from users accounts.
The Excise duty was reviewed to 20% in 2018 from the previous 10% between 2013-2017.
Customers have been asked to refer to their closest Family bank manager for detailed breakdown of the amount in excise duty applicable to their account.
“The bank will collect what has not been remitted as per the remit to the Kenya Revenue Authority with effect from 5th September 2019.” The announcement read.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
Official: Guinness World Records Certifies Truphena Muthoni’s 48-Hour Tree-Hugging Marathon
Why Truphena Muthoni Can’t Celebrate Her 72-Hours Tree Hugging World Record
Ghanaian Influencer Charged Over $8m Scam Targeting Elderly Americans
Talanta Stadium To Be Renamed Raila Odinga International Stadium, Ruto Announces
Kenya Police Officers Returning From Haiti Recount Horror Experiences of Fighting The Deadly Criminal Gangs
Govt Plans To Hand Over NTSA Driving License Management to A Private Investor
Hass Petroleum Empire Faces Collapse as Court Greenlights KSh 1.2 Billion Property Auction
Crypto Mogul Do Kwon Sentenced To 15 years over $40 Billion Fraud
2,000 Killed in Tanzania Election Crackdown
Grade 9 Learners Are No Longer Allowed To Repeat, KNEC Says
Kakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
Kenyan Driver Hospitalized After Dubai Assault for Rejecting Gay Advances, Passport Seized as Authorities Remain Silent
Money Bior, Lawyer Stephen Ndeda Among 18 Accused Of Running An International Fraud Ring Involved With Scamming American Investor Sh500 Million
Nestlé Accused of Risking Babies’ Health in Africa with ‘Toxic’ Cerelac Product Sold Highest in Kenya
Construction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
INSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
How Somali Money From Minnesota Fraud Ended In Funding Nairobi Real Estate Boom, Al Shabaab Attracting Trump’s Wrath
CNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
BANKS BETRAYAL: How Equity Bank Allegedly Helped Thieves Loot Sh10 Million From Family’s Savings in Lightning Fast Court Scam
How Land Grabbing Cartels Have Captured Ardhi House
-
Investigations2 weeks agoMoney Bior, Lawyer Stephen Ndeda Among 18 Accused Of Running An International Fraud Ring Involved With Scamming American Investor Sh500 Million
-
Investigations2 weeks agoNestlé Accused of Risking Babies’ Health in Africa with ‘Toxic’ Cerelac Product Sold Highest in Kenya
-
Investigations1 week agoHow Land Grabbing Cartels Have Captured Ardhi House
-
News2 weeks ago48-Year-Old Woman Who Pushed 25-Year-Old Boyfriend To Death From 14th Floor Kilimani Apartment Arrested
-
Investigations2 weeks agoKDC Rocked With Fresh Sh500 Million Tender Scam
-
Grapevine2 weeks agoMP Anthony Kibagendi Assault and Injures Kisii Man He Accuses Of Sleeping With One Of His Girlfriends
-
News2 weeks agoKenyan Man Fighting For Russia Killed On The Frontline Of Ukraine
-
Investigations2 days agoInside the Deadly CBD Chase That Left Two Suspects Down After Targeting Equity Bank Customer Amid Insider Leak Fears