The proposed law will empower KRA to pursue employers who fail to remit workers’ pension deductions, including through asset recovery and account freezes.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Employers risk having their bank accounts frozen, assets seized and tax PINs deactivated under proposed legal changes aimed at enforcing the remittance of pension contributions.
KRA has agency notices, a directive issued by the taxman under Section 42 of the Tax Procedures Act, compelling a third party,…
The Affordable Housing Levy Fund Act 2024 requires employers to deduct 1.5 percent of employees’ salaries and match the same for…
The push to create an all-powerful KRA has emanated from pressure to improve domestic revenue mobilization, which has…
Companies battling tough economic times and government entities crippled by budgetary constraints increasingly reallocate…
KRA is set to assume unprecedented powers that critics say will make it judge, jury, and executioner in tax disputes.
The Finance Bill has proposed expanding the definition of management fees, professional fees and merchant service fees arising…
