How KRA Can Track Overseas Bank Accounts Looking to Evade Tax
submitted 6 months ago by Samuelwriter_ke
submitted 6 months ago by Samuelwriter_ke
- Kenya's tax authority, KRA, is using a global system called the Common Reporting Standards (CRS) to automatically share financial data with over 70 countries, making it harder for individuals to hide money in foreign accounts without detection.
- Even in tax havens where data isn't shared, KRA can still receive tips and use various local tools to track potential tax evaders, making it increasingly difficult to avoid tax compliance.
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