KRA now eyes betting companies in bid to seal voluntary tax loopholes - News Summed Up

KRA now eyes betting companies in bid to seal voluntary tax loopholes


In this regard, KRA has lined up training for the group for them to understand their voluntary obligations on tax submission. Acting domestic taxes commissioner Benson Korongo said in an interview on Tuesday that more development projects aimed at improving living standards of Kenyans will now be funded through the expanded revenue base. Korongo said the tax reform process was underway and that a taskforce will study the changes and give views. It is up to winners of betting cash to appreciate that all deductions are voluntary and not mandatory,” he said. Among the expected changes is the introduction of incentives for good and prompt taxpayers, and issues concerning Withholding Tax regimes.


Source: The Star June 08, 2016 15:45 UTC



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