KRA Dismisses FATF Grey List Ranking as Kenya Loses KSh25 B Annually to Tax Abuse

The Kenya Revenue Authority (KRA) has dismissed Kenya’s inclusion on the Financial Action Task Force (FATF) grey list, calling the decision unjustified and based on overstated concerns about illicit financial flows and trade misinvoicing. KRA Board Chairman Ndiritu Muriithi said such claims do not significantly impact Kenya’s revenue collection efforts, despite reports suggesting that the…

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