KENYA SEEKS SUSPENSION OF DEBT PAYMENTS IN WAKE OF COVID-19

Kenya is seeking debt-relief options with lenders as the state seeks more money to deal with the negative impacts of the COVID-19 pandemic.

According to Treasury Principal Secretary, Julius Muia, talks are under way with creditors, both bilateral and multilateral, who may opt to delay payments due this year.

KRA'S RESTORED POWER TO SNOOP ON MPESA AND BANK ACCOUNTS

The Court of Appeal has restored KRA’s power to snoop on tax evaders’ MPESA and bank accounts. In a ruling, the court argues that hindering KRA from accessing the information may cripple the agency’s mandate to collect taxes.

Furthermore, the court felt that KRA would suffer irreversible loss of huge sums of money. The reinstated section of the law will compel third-party firms such as telcos, banks, and schools to share information on persons and firms suspected to be evading taxes.