Backlash as Mbadi presses for KRA sweeping powers on asset seizures

A proposal by the National Treasury to grant the Kenya Revenue Authority sweeping powers to seize assets during tax disputes has sparked significant backlash from tax experts and the private sector. In a related regulatory development, the High Court ruled that credit notes and assessor reports are sufficient proof of loss for insurance companies seeking compensation for damages. Meanwhile, developers of Kenya's affordable housing program are facing increased construction costs after the VAT exemption on related goods was removed, shifting them to standard-rated supplies.