Judges rule KRA has right to come after credit card payouts

ABSA Bank on Queesway House, Mama Ngina Street, Nairobi. [Wilberforce Okwiri, Standard]

Interchange fees and trademarks on Visa cards should be taxed, the Court of Appeal has declared.

In a verdict that may now reflect on your Visa card purchases, Appeals Court judges have agreed with Kenya Revenue Authority (KRA) that payments made by banks to card companies ought to be taxed.