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Treasury, KRA get link to view suppliers’ bank accounts
The Principal Secretary National Treasury Chris Kiptoo when he appeared before the National Assembly Public Accounts committee at the Bunge Tower Nairobi on October 30, 2024.
The Treasury will view suppliers’ bank transactions through an electronic procurement link from July in efforts to weed out tax cheats, fronts and firms that inflate their financial muscle to win government tenders.
Treasury Principal Secretary Chris Kiptoo says a newly developed electronic government procurement system (e-GP) will be linked to banks and the Kenya Revenue Authority (KRA) to directly obtain data on financial activity and tax compliance records for firms seeking to do business with State entities.
