KRA Schools Learned Members On Capital Gains Tax

Nairobi Kenya

September 13th 2019

(L-R) Senior Counsel and  conveyancing practitioner Maurice Omuga, KRA  Head of Capital Gains Tax Ms. Margaret Ogega and KRA Head of Corporate Policy Unit Mr. Maurice Oray  in Nairobi during a seminar of Law Society of Kenya (LSK) members on Ease of Doing Business. KRA said Capital Gains Tax collection has increased from 635 Million when CGT was manual to over 3 Billion after computerizing  the process. Lawyers appreciated KRA’s subjection of the CGT exemption to an approval process to seal revenue leakages occasioned by misdeclarations of exemptions which are not due to some taxpayers. Images courtesy of oxygene.co.ke

KRA Head of Capital Gains Tax (CGT) Ms Margaret Ogega makes a presentation in Nairobi on 12th September, 2019 during a seminar of Law Society of Kenya (LSK) members on ease of doing business. KRA said Capital Gains Tax collection has increased from 635 Million when CGT was manual to over 3 Billion after computerizing  the process. Lawyers appreciated KRA’s subjection of the CGT exemption to an approval process to seal revenue leakages occasioned by misdeclarations of exemptions which are not due to some taxpayers.