Nairobi, June 30 -- The Kenya Revenue Authority (KRA) has flagged 1,058 companies and individuals for suspected tax evasion amounting to Sh132 billion in the 11 months through May 2021, more than fourfold the decade-long annual average.
The taxpayers under the KRA's radar for not paying due taxes have nearly doubled the average 529 tax evasion schemes identified annually by the agency's intelligence unit between 2012 and June 2020.
The potential tax yield, on the other hand, is 441.54 percent more than the annual average of Sh24.38 billion in the eight-year period following the formation of KRA's intelligence unit in 2012.
The offences range from companies under-declaring sales or inflating allowances to cut profit, which is subject to t...