Business Daily | by John Mutua
Firms and individuals fighting the Kenya Revenue Authority (KRA) in courts over tax demands will have to deposit 50 percent of the disputed amount in a Central Bank of Kenya (CBK) account.
Treasury Cabinet Secretary Ukur Yatani says the proposed changes to the Tax Procedures Act are aimed at encouraging out-of-court settlements amid complaints that the KRA is unable to collect billions pending the conclusion of suits that take years to conclude…
