Tag: penalties

Banks face hefty fines for overcharging customers

According to draft regulations formulated by CBK, institutions or other non-natural persons violating the rules will be liable to a fine of Sh20 million.

Over two million Kenyans face heavy tax return penalties

Penalty for late filling of tax returns for those employed will amount to a penalty of 25 per cent of tax due or Sh10,000 depending on which is higher