KRA's new move to net revenue from global tech giants

KRA outgoing commissioner-general John Njiraini. FILE PHOTO | NMG

The Kenya Revenue Authority plans to push through new rules that will compel international technology giants doing business over the Internet to disclose revenue they generate in the country.

The regulations aimed at reducing revenue leakage through tax avoidance, which in itself is not illegal, are part of modification of Transfer Pricing Rules 2006 in the ongoing overhaul of the Income Tax Act, 1973.

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