Kenya ‘largely compliant’ on tax transparency
Kenya has been rated ‘Largely Compliant (LC)’ on the implementation of the international standard for transparency and exchange of information
Read MoreKenya has been rated ‘Largely Compliant (LC)’ on the implementation of the international standard for transparency and exchange of information
Read MoreThe Kenya Revenue Authority (KRA) has failed to collect Kes1.601 trillion as at June 2021, a fourfold jump in outstanding debt from Kes415 billion three years’ prior at a time Kenya, East Africa’s giant economy, is struggling to raise revenues from new tax measures. The taxman was at a loss explaining to the National Assembly Public Investments Committee on Commercial Affairs chaired by David Pkosing (MP., Pokot South) which sought answers after audit queries revealed KRA failed to collect taxes on several corporates even after it raised tax claims, conducted audits and issued agency notices. The taxman said it was in the process of validating…
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