KRA Announces Plans To Retrieve Stolen Funds From Offshore Accounts
The Kenya Revenue Authority (KRA) has released a list of reportable jurisdictions, whose financial account information will now be automatically shared with Kenya for tax compliance.
This action intends to strengthen oversight of offshore income and assets.
In a public notice dated December 18, 2025, KRA noted that the list released under the Tax Procedures (Common Reporting Standards) Regulations, 2023, will allow it to follow offshore cash flows.
The list shows which countries’ tax authorities will exchange bank account data with Kenya under the Common Reporting Standard (CRS), a global framework intended to prevent tax evasion and promote transparency in cross-border financial transactions.
Under the new system, Kenyan banks and other reporting financial institutions would be expected to provide information on accounts associated with persons or businesses with tax residency in the specified nations.
📢 Public Notice | Common Reporting Standard (CRS)
— Kenya Revenue Authority (@KRACorporate) December 19, 2025
The Kenya Revenue Authority (KRA) has published the List of Reportable Jurisdictions in line with the Tax Procedures (Common Reporting Standards) Regulations, 2023.
Reporting Financial Institutions are advised that the listed… pic.twitter.com/ojM60m5rFg
The data will then be automatically shared between the KRA and international tax authorities.
According to KRA, the new system applies to tax returns for periods beginning January 1, 2025, which means that all accounts and financial transactions after that date will be subject to additional reporting obligations.
“The Kenya Revenue Authority (KRA) has published the List of Reportable Jurisdictions in line with the Tax Procedures (Common Reporting Standards) Regulations, 2023,” the notice read in part.
“Reporting Financial Institutions are advised that the listed jurisdictions will apply for CRS information returns for periods beginning 1st January 2025.”
Kenyans with bank accounts, investments, or other financial assets abroad will most certainly find it more difficult to conceal income produced outside of Kenya.
Interest, dividends, and other previously hidden returns can now be flagged using international data exchanges.
Businesses operating across borders or holding foreign accounts will face increased oversight, with KRA likely using shared information to detect tax discrepancies, assess compliance, and recover unpaid taxes where applicable.
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According to the KRA notice, the reportable jurisdictions are Albania, Argentina, Australia, Austria, Azerbaijan, Belgium, Brazil, Bulgaria, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curaçao, Czechia, Cyprus, Denmark, Ecuador, Estonia, Finland, France, Georgia, Germany, Ghana, Gibraltar, Greece, Guernsey, Hong Kong and Hungary.
Others include Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Kazakhstan, Korea, Liechtenstein, Lithuania, Luxembourg, Malaysia, Maldives, Malta, Mauritius, Mexico, Moldova, Monaco, Netherlands, New Zealand, Norway, Panama, Peru, Poland, Portugal, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, San Marino, Saudi Arabia, Seychelles, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Türkiye, Uganda, Ukraine, United Kingdom, and Uruguay.
The list will be used for purposes of the Common Reporting Standard, meaning financial account information linked to tax residents of these jurisdictions will be subject to automatic exchange between Kenya and the respective foreign tax authorities for tax compliance and enforcement.
KRA Announces Plans To Retrieve Stolen Funds From Offshore Accounts
