Kenya targets big foreign companies in tax reforms

kenya revenue authority kra, taxation, tax, revenue collection


Nation | by Allan Odhiambo


Multinational companies operating in Kenya will be compelled to disclose their financial records starting January next year in proposed changes by National Treasury aimed at eliminating tax avoidance.

Treasury Cabinet Secretary Ukur Yatani said all multinationals with total group revenues of above Sh2.5 billion will be required to provide the Kenya Revenue Authority (KRA) with details of their financial dealings in each of the countries where they have operations…

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