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English to Spanish translations [PRO] Bus/Financial - Law: Taxation & Customs / Taxation law of Kenya
English term or phrase:in duplum
it owes more to the introduction of the in duplum rule in the 2009 Finance Act than to aggressive reduction efforts
The in duplum rule limits interest and penalties to 100% of the principal.
Following its introduction, KRA revised its debt downwards to comply with the law thus reducing the debt /revenue ratio.