Wealthy aircraft, car owners get relief in KRA seizure plan

Lawmakers have opened a window for businesses and wealthy individuals to avoid prompt disposal of property for tax evasion. FILE PHOTO | NMG

Lawmakers have opened a window for businesses and wealthy individuals to avoid prompt disposal of property such as ships, planes, and cars for tax evasion.

The Finance and Planning Committee of the National Assembly has recommended further changes to the Finance Bill 2022, forestalling sell of frozen assets within two months to recover unpaid taxes.

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