Business Daily | by Constant Munda
Wealthy individuals and firms have lost more than Sh80 billion in annual tax breaks after the Treasury withdrew a raft of incentives in April last year to partly make up for losses as a result of short-lived Covid-19 reliefs.
The Treasury estimates the Kenya Revenue Authority (KRA) will collect Sh81.29 billion in the first 12 months following withdrawal of some income and value added tax (VAT) breaks in early days of Covid-19 pandemic shocks.
Treasury secretary Ukur Yatani used the Tax Laws (Amendment) Act to…
