Business Daily | by Constant Munda
The Treasury has raised this year’s tax collection targets from company and employee earnings by Sh36.1 billion after President Uhuru Kenyatta announced the Covid-19 tax reliefs will end in January 2021.
The latest revenue outlook report by Treasury Cabinet Secretary Ukur Yatani shows that income tax receipts are projected to hit Sh735.5 billion, a marginal climb from an earlier forecast of Sh699.4 billion in September.
This is the second time in just over a month that the Treasury has…
