Nairobi, Jan. 26 -- Kenya Revenue Authority (KRA) detectives have identified 392,162 firms and wealthy individuals that owe it Sh759.7 billion, setting the stage for travel bans, asset freeze and deactivation of Personal Identification Numbers (PINs).
The taxman unearthed the alleged tax cheats and dodgers in the wake of an audit of the withholding tax registry, which revealed that the self-declared income was substantially lower than the amounts reported by third parties paying for the taxpayers' services.
In some instances, the taxpayers declared nil returns despite the firms they did business with declaring payments to them.
Under withholding tax rules, firms paying for services like consultancy withhold and remit part of the taxes ...
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