KRA gets Sh12 billion extra allocation to nail tax cheats

Times Tower in Nairobi, the headquarters of Kenya Revenue Authority.  

Photo credit: File | Dennis Onsongo | Nation Media Group

The Kenya Revenue Authority (KRA) will be allocated an additional Sh12 billion to pursue tax cheats in a major crackdown after the Treasury proposed to amend the law and see the taxman get a fifth of revenues it collects from import declaration fees.

Through the Finance Bill, 2024, the Cabinet Secretary for National Treasury wants the KRA to get at least 20 percent of the monies it collects from the import declaration fees.

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Note: The results are not exact but very close to the actual.