KRA loses bid again to tap firms’ trade secrets, customer data

Members of the public are served at the new Kenya Revenue Authority (KRA) Malaba Service Center during in Malaba border on October 11, 2024.

Photo credit: File | Nation Media Group

Members of Parliament have blocked the Kenya Revenue Authority (KRA) from accessing firms’ trade secrets and customer data to assess the businesses for tax.

The Parliamentary Committee on Finance and National Planning quashed a second attempt by the taxman to have unfettered access to the detailed transactional data on companies, months after the National Treasury unsuccessfully moved a similar proposal in December last year.

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