Business Daily | by Constant Munda
The Kenya Revenue Authority (KRA) posted a Sh62.95 billion shortfall on its payroll and consumption tax collection targets for three months to September, hurt by sustained employee layoffs by firms affected by Covid-19 disruptions.
Fresh Treasury data shows that the taxman’s joint collection from pay-as-you-earn (PAYE) —which is deducted from workers’ earnings — and consumption levies comprising excise duty, value added tax (VAT) and import duty amounted to Sh225.14 billion in the quarter to September against a target of Sh288.08 billion…
