Wealthy tax cheats risk asset freeze in IMF deal

kenya revenue authority kra, taxation, tax, revenue collection


Business Daily | by Otiato Guguyu


The Treasury has announced a new crackdown on wealthy tax evaders as part of its budget for the year starting July, setting the stage for travel bans, asset freeze and deactivation of Personal Identification Numbers (PINs).

The clampdown is revealed in a commitment that Kenya made to the International Monetary Fund (IMF) to recover unpaid taxes from high-net worth professionals and traders in efforts to raise the national revenues…

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kenya revenue authority kra, taxation, tax, revenue collection


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