Tax experts have asked Parliament to reject a proposal requiring firms and individuals battling with the Kenya Revenue Authority (KRA) in courts over tax demands to deposit 50 percent of the disputed amount in a Central Bank of Kenya (CBK) account.
PriceWaterhouseCoopers, KPMG, the Institute of Certified Public Accountants of Kenya, the Kenya Bankers Association (KBA) and the Kenya Association of Manufacturers (KAM) told Parliament that the proposal is subject to abuse by the KRA, is punitive, and will scare away investors.
