Inside the new tax disclosure rules for multinationals

times-tower

KRA headquarters at Times Tower in Nairobi. FILE PHOTO | NMG

Kenya, like many other countries, is constantly in a race to grow its tax base. Domestically, this has become difficult due to the large informal sector.

Attention has now shifted to the exchange of information to enable the Kenya Revenue Authority (KRA) to obtain third-party information that it can use to verify taxpayer self-assessments and raise much-needed revenues.

PAYE Tax Calculator

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