[Source: Business Daily, by Constant Munda]
Tax cuts aimed at protecting the economy against the effects of the coronavirus pandemic cost the Kenya Revenue Authority (KRA) nearly Sh1 billion daily in the three months to June, the Treasury has revealed.
The KRA collected Sh333.47 billion in the three months to June, reflecting a drop of 20.58 percent of Sh419.90 billion in a similar period last year.
The rare drop in tax collections came in a period when Kenya reduced value-added tax (VAT) from…
