Access Bank Kenya has been fined Sh91 million for delayed transfer of tax collections in the financial year ended June 30, 2024, to the Kenya Revenue Authority (KRA), new disclosures show, pointing to the steep price of late remittances to the taxman.
The taxman disclosed the figure in the 2023/2024 annual report, which it says that the bank delayed transferring taxes to the KRA as a collection agent as required in law.
