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A KRA staff at work. A competent and honest tax official can easily unravel their shenanigans if flaunted wealth falls within the purview of the taxing statutes. [File, Standard]
Lifestyle audit has been a subject of discussions in our country in the last few years; a discussion recently heightened by President Uhuru Kenyatta’s declaration of war on corruption. The declaration has led to an unprecedented number of high profile public officials being charged with corruption related offences.
Lifestyle audit is an investigation of a person’s living standards, which include assets owned, savings and their expenses compared to known income.
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