KRA - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Why Saccos are up against the provisions of the Finance Act, 2026

Sacco ReviewJuly 16, 2026010 mins

Finance Act 2026 introduces stricter tax compliance, faster reporting deadlines, and expanded KRA enforcement powers affecting Saccos. Saccos warn the changes could strain liquidity, increase compliance costs, and disrupt lending and member access to savings. KUSCCO is pushing for tax law amendments to protect co operative members and harmonise taxation with the Co operative Societies…

KRA introduces advance cargo declaration platform for containerised shipments ahead of August launch

Sacco ReviewJuly 15, 2026July 15, 202605 mins

KRA will make Advance Cargo Declaration (ACD) mandatory for all containerised imports from August 3. Exporters must secure an ACD reference code before cargo is loaded. The system aims to improve security and speed up customs clearance. Kenya Revenue Authority (KRA) has announced the launch of its new Advance Cargo Declaration (ACD) platform. Starting Monday,…

Key sectors push revenue to Sh2.8 trillion as KRA records strongest growth in recent years

Sacco ReviewJuly 10, 2026July 11, 2026016 mins

KRA posts strong revenue growth: The Kenya Revenue Authority collected KSh2.844 trillion in FY 2025/2026, a 10.6 percent increase from the previous year, with manufacturing, energy, finance, ICT, and wholesale and retail sectors driving 62 percent of total revenue. Customs exceed target: Customs revenue grew 12.4 percent to KSh988.8 billion, surpassing its target, while exchequer…

Court orders gov’t to disclose details of duty-free rice importation programme

Sacco ReviewJuly 9, 202605 mins

The High Court in Kisumu has ordered the government to publicly disclose details of its controversial duty-free rice importation programme, requiring key State agencies to explain how the scheme is being implemented. High Court, Justice Alfred Mabeya issued the directive after certifying as urgent a petition filed by the Ahero Rice Farmers Association, which is…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA launches third tax amnesty window with full waiver on penalties

Sacco ReviewJuly 7, 202603 mins

The Kenya Revenue Authority (KRA) has unveiled its third tax amnesty window, a move expected to unlock billions in revenue while easing compliance burdens for taxpayers. The program, which runs from July 1 to December 31, 2026, offers a 100 percent waiver on penalties, interest, and fines for tax liabilities incurred up to December 31,…

KRA rules out last-minute extension for filing 2025 tax returns

Sacco ReviewJune 28, 202604 mins

The Kenya Revenue Authority (KRA) has issued a stern reminder that all taxpayers must file their 2025 Income Tax Returns by midnight on Tuesday, June 30, 2026. The authority has made it clear that no extension will be granted this year, unlike in 2025 when extra time was allowed due to system congestion. In a…

Finance Act 2026 exempts SACCOs, banks from VAT on repossessed collateral sales

Sacco ReviewJune 27, 202604 mins

Savings and Credit Cooperative Organizations (SACCOs), banks, and other financial institutions will no longer pay Value Added Tax (VAT) on the sale or disposal of repossessed collateral, following amendments introduced in the Finance Act 2026, which was signed into law by President William Ruto on June 23, 2026. This amendment marks a significant shift in…

Housing Fund Board seeks stronger KRA powers to curb affordable housing levy defaulters

Sacco ReviewJune 11, 202604 mins

The Affordable Housing Fund Board has urged Parliament to grant the Kenya Revenue Authority (KRA) stronger enforcement powers to tackle evasion of the 1.5 per cent housing levy, warning that gaps in the current legal framework undermine compliance and limit revenue collection. Appearing before the National Assembly Departmental Committee on Finance and National Planning during…

Saccos join private sector in opposing KRA’s expanded powers under Finance Bill 2026

Sacco ReviewJune 6, 202604 mins

Savings and credit cooperative Societies (Saccos) have become the latest institutions to oppose proposals in the Finance Bill 2026 that would allow the Kenya Revenue Authority (KRA) to freeze bank accounts and recover funds even while tax disputes remain unresolved. The Kenya Union of Savings and Credit Cooperatives (Kuscco) told the National Assembly’s Finance and…

High Court suspends appointment of KRA Commissioner General Adan Mohamed pending petition hearing

Sacco ReviewMay 19, 202604 mins

The High Court in Nairobi has suspended the appointment of newly named Kenya Revenue Authority (KRA) Commissioner General Adan Mohamed, following a petition challenging the recruitment process. Justice Gregory Mutai issued the orders at the Milimani High Court on Tuesday, freezing the implementation of the appointment until the case is heard and determined. The court…