KRA Gets Powers to Override Tax Deals in Finance Bill 2026

Author: kenyans.co.kePublished on: May 1, 2026Country: Kenya

PoliticsBusiness & Economy

KRA Gets Powers to Override Tax Deals in Finance Bill 2026

The Kenya Revenue Authority (KRA) is set to be granted new legal powers to override certain tax arrangements to target tax evaders, as outlined in the Finance Bill 2026 submitted to Parliament. The proposal introduces an anti-tax avoidance rule allowing the KRA's Commissioner General to disregard transactions primarily aimed at gaining a tax advantage. Additionally, the KRA will be able to issue revised tax assessments up to five years after identifying tax avoidance schemes.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

World Press Freedom Day: Africans endorse media watchdog role, but perceptions of freedom are mixed

PoliticsTanzania

tanzaniatimes.net•7m ago

World Press Freedom Day: Africans endorse media watchdog role, but perceptions of freedom are mixed

A majority of Africans (72%) support the media's role in holding governments accountable. While support for press freedom is a majority position in nearly all surveyed countries, substantial minorities, particularly in Mali, favor government control over media. Citizen assessments of media freedom protection in their countries are mixed, with a slim majority viewing the media as largely free, a perception that has slightly declined over the past five years.

Omanga Ousted from Kenya Shipyards Board as Ruto, CSs Make New Govt Appointments

PoliticsKenya

kenyans.co.ke•8m ago

Omanga Ousted from Kenya Shipyards Board as Ruto, CSs Make New Govt Appointments

Millicent Omanga, Nairobi Women Representative, has been removed from the board of Kenya Shipyards Limited following a gazette notice by Defence CS Soipan Tuya, effective April 30, 2026. This revocation comes after Omanga announced her support for the opposition's DCP party, linked to former DP Rigathi Gachagua. Meanwhile, President William Ruto made several key appointments and reappointments within the government, including members of the Advocates' Complaints Commission and the Kenya National Accreditation Service Board.

UAE exit from OPEC signals closer alignment with US interests, experts say

PoliticsBusiness & EconomyUnited Arab Emirates

Megha Bahree•8m ago

UAE exit from OPEC signals closer alignment with US interests, experts say

The United Arab Emirates' exit from OPEC, effective May 1, 2026, is seen as an opportunity for the United States to reduce the oil cartel's pricing power. The UAE has expressed frustrations over OPEC production quotas that limit its ability to increase output. As global oil demand rises, the UAE is ready to supply higher volumes, which could lead to lower oil prices.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more