KRA raises Sh5.6 billion from 300 wealthy Kenyans

[Source: The Standard, by Macharia Kamau]

The Kenya Revenue Authority (KRA) raised an additional Sh5.6 billion in taxes from just 323 ultra-rich Kenyans last year.

In a report released this week, the taxman said its measures to get more people to pay their taxes raised an extra Sh52.1 billion. Of this amount, slightly more than 10 per cent was recovered from high net worth individuals who are now complying with tax laws.

Broken down further, this translates to each of the 323 super rich Kenyans paying an average of Sh17.3 million, an amount much higher than…

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