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KRA to plug new system into crypto exchanges in revenue drive
Kenya Revenue Authority (KRA) Commissioner-General Humphrey Wattanga before the National Assembly Trade, Industry and Cooperatives Committee at Continental House Nairobi on November 28, 2023.
The Kenya Revenue Authority (KRA) will integrate a new revenue system with cryptocurrency exchanges and marketplaces to track and record all transactions in real-time, the taxman has revealed.
This is part of a strategy to nab tax dodgers in the largely secretive market segment, which criminals can also exploit to support illicit activity such as thefts, fraud, and money laundering.
