News Africa02 Sep 2019

Kenya:Tax authorities seek info from insurers to tackle evasion by clients

02 Sep 2019

The tax authorities have asked the insurance sector for details of payments paid to local medical practitioners in an ongoing crackdown against tax evasion.

Kenya Revenue Authority (KRA) is demanding a record of medical insurance payments made by foreign-based insurance companies that include US and European firms, to enable it calculate taxes due from medical providers and practitioners linked to them, reported Business Daily.

The 12 foreign insurers affected include UK-headquartered Bupa International Limited, American-managed health care company Aetna, Allianz Worldwide Care which is headquartered in Ireland, William Russell headquartered in the UK, IHI Danmark a Danish firm and British firm Exeter Friendly Society.

Others are AXA PPP healthcare, a UK private medical insurance provider, InterGlobal Insurance Company, Cigna International, London-based Expacare International and AWS Allianz.

The insurance companies are known for their clientele list of rich Kenyans, businessmen and Nairobi-based expatriates who purchase international standard healthcare, general insurance and wealth management services.

In the crackdown on tax evasion, the tax authorities asked for data on insurers' payments to doctors, dentists, pharmacists and medical service providers for the period January 2015 to December 2018.

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