Kenyan’s rate of loan borrowing and not paying back was recently reported as alarming and now things are to get worse for the fellows with HELB loan debts.
Kenya Revenue Authority (KRA) executives are now mauling on plans to blacklist Tax defaulters on credit Reference Bureau (CRB).
Appearing before the Parliamentary Finance Committee, KRA commissioner John Njiraini revealed that by doing so, the authority would be better placed to collect debt form hardcore debtors.
He further explained that the commission was already behind on targets imposed on it by Ksh 55 Billion and that the deficit would increase to Ksh 110 Billion by the end of the financial year.
“We propose CRB listing of non complaint taxpayers will be based on criteria that would be fair and equitable to all tax payers.
“A legal framework to help as deal with defaulters will help as collect a lot of revenue from tax cheats,” Njiraini told the committee.