Tax Procedures Act

legislation

Last mentioned: 1d ago

Timeline

  1. MPs reject expanded KRA enforcement powers in Finance Bill 2026, approve higher agency fee for Affordable Housing Levy

    Parliament blocks proposals to delete Section 42(14)(e), require 100% prepayment of disputed tax, and grant KRA access to third‑party financial data. Simultaneously approves KRA’s consent‑based determination of liabilities and increases the Affordable Housing Levy agency fee from 0.5% to 2%.

Stories mentioning Tax Procedures Act 1

Financial Regulation Bearish

KRA Agency Fee Jumps 300% to 2% as Parliament Curbs Enforcement Powers

The Finance Bill 2026 rejected sweeping KRA enforcement powers but raised the Affordable Housing Levy’s collection fee from 0.5% to 2%, a four‑fold increase that will channel more resources into tax mobilisation. For investors, the legislative clampdown on aggressive tax recovery during appeals is a win for legal certainty, while the fee hike signals potential for more efficient revenue collection without trampling on business due‑process rights.

2 sources

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