Kenya targets big foreign companies in tax reforms

Times Tower

Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). 

Photo credit: Dennis Onsongo | Nation Media Group

What you need to know:

  • Transparency campaigners have pushed for multinationals to disclose country-by-country information as part of reforms of international tax rules.
  • Kenya, desperate for cash to finance its development programmes, has stepped up its pursuit of tax dodgers both domestic and foreign.

Multinational companies operating in Kenya will be compelled to disclose their financial records starting January next year in proposed changes by National Treasury aimed at eliminating tax avoidance.

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