K
Originally published by Kenyanstop
August 19, 2026
1h ago
KRA Explains New Powers After Reports of Bank Account Freezing Over Taxes
The explanation comes amid widespread reports that KRA will have the power to freeze bank accounts of taxpayers who fail to remit some taxes, including the affordable housing levy...
✨ Key Highlights
The Kenya Revenue Authority (KRA) has detailed new tax administration measures effective July 1, 2026, as outlined in the Finance Act 2026. These changes empower the KRA with enhanced enforcement capabilities, including the pre-population of tax returns.
- The KRA can now use existing taxpayer information to pre-fill tax returns, which taxpayers must then review and confirm or amend.
- The Act also introduces stricter enforcement for electronic tax compliance, with penalties for failing to issue electronic invoices, file electronically, or make electronic payments.
- These explanations emerge amidst reports that the KRA may gain powers to freeze bank accounts for non-remittance of taxes like the Affordable Housing Levy.
Continue Reading
Read the complete article from Kenyans
Advertisement
Related News
Advertisement