Prime

KRA fined KCB, Spire Bank Sh2bn for remitting tax late

Clients seek services at KRA headquarters in Nairobi on February 23, 2024.

Photo credit: File | Wilfred Nyangaresi | Nation Media Group

By  Brian Ambani

Business Reporter

Nation Media Group

Kenya Commercial Bank (KCB) and Spire Bank paid Kenya Revenue Authority (KRA) Sh2.1 billion and Sh152.2 million, respectively, in fines for delayed remittance of taxes.

The penalties were enforced in the year ended June 2023, according to KRA’s latest annual report.

Related

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME MPs, Senators’ spending on foreign trips rises by Sh800m

  2. PRIME Quickmart reveals supplier funded growth strategy

  3. PRIME Homes, businesses face fines for illegal solar connections to Kenya Power

  4. PRIME Bank branches mirror concentration of economic power in 10 counties

In the headlines

View All