New Deal That Will See KRA Collect Over Kshs 100 Billion From Wealthy Kenyans

The Ministry of Treasury has made deal with the Tax Appeals Tribunal to conclude stalled cases within 50 days which will see the Kenya Revenue Authority (KRA) collect over Ksh100 Billion from wealthy people and firms.

The quoted victims are said to have cases pending at the tribunal. According to the new agreement, the hearing and determination of pending cases will be fast-tracked unlocking billions of shillings held in the tribunal.

The pending cases bar KRA from enforcing stiff measures to ensure revenue collection from the individuals and firms.

The KRA Commissioner General Githii Mburu had earlier revealed a plan to lift the veil on the faces of obscure billionaires in the country after being granted access to their alleged secret investments.

“At the Tax Appeals Tribunal, we have over Ksh200 billion. We want those disputes resolved and those taxpayers to come forward through alternative dispute resolution mechanisms,” said Mburu.

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