In the era of global financial transparency, governments worldwide have been implementing regulations to combat tax evasion and promote tax compliance. One such significant initiative is the Common Reporting Standard (CRS), developed by the Organisation for Economic Co-operation and Development (OECD).
This is a pivotal framework for facilitating the automatic exchange of financial information between countries. Kenya, as part of the global community, has also embraced CRS regulations to enhance its tax information exchange mechanisms and uphold international standards.
