In a significant move by the Kenya Revenue Authority (KRA) aimed at increasing the regulation of offshore income and assets, the authority has now released a list of countries whose financial account information will automatically be shared with Kenya.
Through a public notice issued on December 18, 2025, KRA explained that this policy was anchored in the “Tax Procedures (Common Reporting Standards) Regulations, 2023, aimed at enhancing transparency in international financial transactions and combating tax evasion.”
This list has named “reportable jurisdictions” that will exchange information related to financial accounts with Kenya using the Common Reporting Standard (CRS), which is a standard put in place by the OECD to automatically exchange information concerning the financial affairs of clients between countries.
Under the new system, Kenyan banks and any reporting financial institutions will require the submission of accounts that pertain to a tax resident in the listed countries. This data will then be automatically shared via the KRA and the foreign tax authority.
KRA clarified that the new arrangement will apply to tax filing timelines from January 1, 2025, such that all accounts and transactions from the date will come under the new regime.
“The Kenya Revenue Authority (KRA) has now published the List of Reportable Jurisdictions in accordance with the Tax Procedures (Common Reporting Standards) Regulations, 2023. Reporting Financial Institutions are notified that the below jurisdictions will apply for information returns for the CRS for periods commencing on 1st January 2025,” the notification read.
For Kenyan citizens with accounts, investments, and other foreign assets, this technology is expected to limit the ability to keep foreign income hidden. Income such as earnings on interests, stock dividends, and other forms of income previously unreported to taxation laws will be detected.
Companies that conduct cross-border business or have accounts abroad will also be under intense scrutiny since KRA relies on common information to look for discrepancies, levels of compliance, and recover any unpaid taxes due.
The countries listed by KRA which are considered reportable territories include: 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, Hungary.
Other jurisdictions are 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.
KRA indicated that the list will only be used for purposes of the CRS and will facilitate the exchange of financial account information related to persons resident for tax purposes in these jurisdictions automatically between Kenya and the foreign tax authority concerned.
