Fresh relief for defaulters in KRA aircraft, land, cars seizure law
Times Tower, Kenya Revenue Authority headquarters in Nairobi. KRA will be barred from seizing the assets of tax defaulters such as ships, planes, land, buildings, and cars which are already protected from disposal by a court, the new Finance Bill 2023 proposes, handing some relief to the debtors.
The Kenya Revenue Authority (KRA) will be barred from seizing the assets of tax defaulters such as ships, planes, land, buildings, and cars which are already protected from disposal by a court, the new Finance Bill 2023 proposes, handing some relief to the debtors.
The Finance Bill proposes that although the KRA Commissioner for Domestic Tax has powers to freeze and seize ships, aircraft, land and cars and sell them off within an agreed period to recover the tax owed, assets already blocked from disposal would not be touched.
