KRA is basing the stiff measures on the Tax Procedures Act of 2015, which allows the taxman to issue travel bans on suspected tax cheats, collect duty directly from suppliers and bankers of defaulters and prosecute those in arrears. Reference:https://www.google.com/amp/s/www.businessdailyafrica.com/news/The-rich-firms-face-KRA-wrath-over-Sh250bn-taxes/539546-5581092-view-asAMP-11ece90z/index.html

The Kenya Shilling held steady against major international and regional currencies during the week ending June 18, 2020. In the week, the shilling averaged KSh106.45 against the US Dollar, KSh134.20 against the Sterling pound, KSh120.23 against the Euro, and KSh99.30 against the Japanese Yen. READ MORE..

Sustainable taxation is key to safeguard Kenya’s and Africa’s future. However, African countries continue to lose billions of dollars in tax revenue annually. Every year African countries lose at least 50 million dollars in taxes — more than the amount of foreign development aid.

This has raised a lot of concern as organizations engage in illegal activities to avoid paying high taxes.