Business Daily | by Constant Munda
The Kenya Revenue Authority (KRA) lost Sh7.71 billion in collections from retail and wholesale traders such as supermarkets in the year ended June 2020 on the back of eroded consumer purchasing power amid reduced operating hours in the final quarter.
The Treasury disclosures show total tax receipts from the wholesale and retail trade sector, which have been increasing by double digits in recent years, contracted to Sh53.81 billion from Sh61.29 billion the year before…
