Saccos to lobby KRA as corporate members trigger higher taxation

Kenya Union of Savings and Credit Co-operatives (Kuscco) centre in Nairobi.

Photo credit: Evans Habil | Nation Media Group

Saccos with corporate or group members, including investment clubs, are seeking clarity on their taxation amid rising disputes with Kenya Revenue Authority (KRA), which has been seeking to collect more tax from them.

Primary saccos enjoy exemption from taxes on interest earned from dealing with members, among other tax advantages.

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