Penalty for wealthy tax cheats to rise 167 percent

Treasury Cabinet Secretary Njuguna Ndung’u. FILE PHOTO | DIANA NGILA | NMG

Kenya’s super-rich individuals and firms that knowingly make false declarations of income resulting in lower taxes face a steep jump in penalties in proposed changes to the law.

Treasury Cabinet Secretary Njuguna Ndung’u wants the penalties for tax evasion raised more than one-and-a-half times in a move that aims to help seal leakages.

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