The Kenya Government has reiterated its commitment in implementing international standards on transparency and exchange of information for tax purposes. Speaking at the OECD( Organisation for Economic Co-operation and Development) Global Forum on Transparency and Exchange of Information for Tax Purposes Plenary virtual meeting, National Treasury Principal Secretary Julius Muia assured global tax administration players that Kenya is on course to implement automatic exchange of information protocols on tax matters. PS Muia told the global forum the country has taken decisive steps in implementing the international standards of exchange of information to help fight tax evasion. “These decisive steps to implement the two international standards of exchange of information are expected to greatly reduce the incidents of tax evasion,"” Muia said. The three-day meeting focused on how the tax transparency agenda can promote the fairness of tax systems while strengthening revenue mobilisation.

Source: The Star December 12, 2020 03:56 UTC