The Kenya Revenue Authority (KRA) has announced a new strategy to combat tax evasion by automatically tracing money held in offshore accounts. This move involves sharing financial account information with a list of reportable jurisdictions under the Common Reporting Standard (CRS).

• The KRA published the list of countries on December 18, 2025, under the Tax Procedures (Common Reporting Standards) Regulations, 2023.
• The new arrangement covers tax returns for periods starting January 1, 2025, meaning all accounts and financial transactions from that date will be subject to enhanced reporting.
• Kenyan banks and other reporting financial institutions will submit information on accounts linked to individuals or entities with tax residency in the listed jurisdictions.
• The list includes 88 countries, such as Albania, Argentina, Australia, Germany, India, Japan, Russia, South Africa, Uganda, United Kingdom, and Switzerland.