The Kenya Revenue Authority (KRA) has shared the official list of countries that must be reported under the Common Reporting Standard (CRS), as required by the 2023 tax rules.
In a public notice dated Thursday, December 18, 2025, KRA confirms the countries and territories that financial institutions in Kenya must consider when filing information returns beginning January 1, 2025.
The CRS framework requires financial institutions to identify and report accounts associated with tax residents in specified jurisdictions to curb tax evasion and enhance transparency through automatic data exchange.
KRA’s List of Reportable Countries
The reportable jurisdictions specified in the notice are: 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, 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, Turkey, Uganda, Ukraine, United Kingdom, and Uruguay.
KRA has stated that institutions must align their systems to capture and report relevant data from January 1.
For clarification, KRA has provided two contact numbers — 0709017997 and 0709017935 — and an email address, [email protected].
Users can also access free services via Dial *222#.
What Data is Being Shared
Under the Common Reporting Standard (CRS) framework, the exchange of information is both automatic and highly detailed.
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Financial institutions in the 78 listed countries will now systematically transmit a standardized data package to the KRA each year.
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Personal Identity Data
This information is used to match the offshore account to a specific taxpayer in Kenya.
- Full Name and Address: Your legal name and current residential address.
- Taxpayer Identification Number (TIN): For Kenyans, this is your KRA PIN.
- Date and Place of Birth: Used to verify identity and residency.
- Jurisdiction of Residence: Confirmation that you are considered a tax resident of Kenya.
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Account Information
The KRA will receive the “location” and “size” of the offshore holdings.
- Financial Institution Name: The name of the foreign bank, insurance company, or investment firm where the account is held.
- Account Number: The specific IBAN or account identifier.
- Year-End Balance: The total value or balance of the account as of December 31st of the reporting year.
- Account Status: Whether the account was opened, closed, or remained active during the year.
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Financial Income Data
This is the most critical part for tax assessment, as it helps KRA determine if you have unpaid taxes on foreign earnings.
- Interest: Total gross interest paid into the account (common for savings/depository accounts).
- Dividends: Total gross dividends earned from stocks or funds.
- Gross Proceeds: The total amount received from the sale or redemption of financial assets (e.g., selling shares or bonds).
- Other Income: Any other income generated by the assets held in the account.
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Special Reporting for Entities (Companies & Trusts)
If you hold wealth through an offshore company or trust, the rules are even stricter:
- Controlling Persons: For “Passive” entities (like family trusts or shell companies), the bank must look through the entity and report the personal details of the beneficial owner (the person who actually controls the money).
- Entity Details: The name, address, and TIN of the offshore entity itself are also shared.
This reporting applies to all account values.
However, for accounts with balances exceeding $1,000,000 (Ksh129M), banks are required to perform enhanced due diligence, which includes a deeper manual review of their files to ensure no link to Kenya is missed.
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