Banks Contributed Sh195B in Taxes as Saccos Face Audit Scrutiny - October 2025

Kenyan banks contributed Sh195 billion in taxes to the national treasury last year. In a related move, the Kenyan banking sector is looking to align its operations with international tax standards to ensure compliance and promote transparency. Meanwhile, the Saccos Societies Regulatory Authority (Sasra) is taking a firm stance against auditors who fail to submit mandatory financial reports for SACCOs. Sasra is threatening disciplinary action against these auditors.

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