KRA starts integrating tax system with banks, telcos

Clients seek services at KRA headquarters in Nairobi on February 23, 2024.

Photo credit: File | Wilfred Nyangaresi | Nation Media Group

The Kenya Revenue Authority (KRA) has started integrating its system with banks, money remittance firms and payment service providers like M-Pesa in fresh efforts to weed out tax evaders and boost revenue by billions of shillings.

The taxman has started sending letters to chief executives of the institutions demanding the firms link their systems to that of the KRA for real-time visibility of financial transactions in line with a law that passed via the Finance Act, 2023.

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