KRA, private sector in push to ease tax bottlenecks
NAIROBI, Kenya, Dec 11 - The Kenya Revenue Authority (KRA) has reaffirmed its commitment to strengthening collaboration with the private sector as part of Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kenya Revenue Authority (KRA) is enhancing collaboration with the private sector to streamline tax processes and foster a predictable business environment. This initiative aims to improve efficiency and support business growth through continuous engagement and automation.
- Significant progress reported in refund processing with government funding increased from Sh2.5 billion to Sh2.96 billion per month, effective July 2025.
- The adjustment allows businesses a maximum refund of Sh40 million per month, up from Sh30 million.
- The collaboration includes KRA, the Kenya Private Sector Alliance (KEPSA), and the Kenya Association of Manufacturers (KAM).
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Kenya Enacts VASP Act for Crypto, Eases Tax Bottlenecks, and Secures $150m Green Lending Deal - December 2025
Kenya's new Virtual Assets Service Providers (VASP) Act, 2025, is boosting crypto interest, with the law aiming to regulate activities under the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK). In another regulatory move, the Kenya Revenue Authority (KRA) is enhancing collaboration with the private sector to streamline tax processes and create a predictable business environment. On the financing front, the African Development Bank Group (AfDB) has finalized a $150 million (Sh19.3 billion) financing agreement with KCB Bank Kenya. This package is designed to significantly boost KCB's green lending initiatives and reinforce its trade finance operations, addressing capital demands in climate-aligned sectors.
