Nairobi, June 28 -- The Kenya Revenue Authority (KRA) is eyeing more than Sh5 billion in extra revenue from a handful of billionaire tax evaders over the next three years, setting the stage for travel bans, asset freeze and deactivation of Personal Identification Numbers (PINs).
The taxman has identified High Net-Worth Individuals (HNWI) with gross annual incomes of between Sh350 million and Sh1 billion among persons hiding a huge share of their earnings from the State.
In its corporate plan for the three years to June 2024, the KRA says it will aggressively seek to curb tax evasion at the top of the income spectrum in the search for equity and additional national revenues.
The tax cheats risk travel bans, collection of duty directly fro...