Saccos, Kepsa fight KRA bid to raid bank accounts
Nairobi, June 4 -- Saccos are the latest to push back against plans to allow the Kenya Revenue Authority (KRA) to raid taxpayers' bank accounts in the middle of contested tax demands, warning of potential cash flow pressures and operational disruption.
The Kenya Union of Savings and Credit Cooperatives (Kuscco) on Wednesday asked the National Assembly not to pass the proposal in the Finance Bill 2026, which seeks an amendment on the Tax Procedures Act.
Section 42(14) (e) of the Tax Procedures Act bars the KRA from issuing agency notices, freezing bank accounts and assets or taking any enforcement measures while a tax dispute is still active or under appeal.
However, the Finance Bill 2026 is proposing the deletion of this provision.
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