This archive report was first published on 27 November 2019.
On November 27, 2019, the National Treasury Acting Cabinet Secretary, Ukur Yatani, signed the Yaoundé Declaration, a crucial continental declaration treaty aimed at dealing with illicit financial flows cases at the international level.
The signing of the declaration is a significant step by the government to strengthen efforts to curb illicit financial flows out of the country. The Kenya Revenue Authority (KRA) has welcomed the commitment by the government, with Commissioner-General Githii Mburu stating that the instrument focuses on improving international tax cooperation through enhanced information sharing among African Union (AU) member states.
"KRA is encouraged by the Government’s swift moves to prioritize the signing of international treaties that will accelerate efforts to curb international tax evasion," Githii said.
Ukur Yatani wrote a communique to the Chairperson of the Global Forum on Transparency and Exchange of Information for Tax Purposes, Ms. Maria-Jose Gard, to confirm Kenya’s commitment to the Yaoundé Declaration.
According to the Organisation for Economic Co-operation and Development (OECD), the global landscape for fighting tax evasion and avoidance has changed substantially over the last few years. International cooperation and exchange of information have emerged as vital tools in tackling illicit financial flows.
