Tax revenue dipped by Sh89b in January

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The Standard | by Dominic Omondi


Kenya Revenue Authority (KRA) collected Sh89.6 billion less in January compared to the same period in 2020.

According to the latest statement from the National Treasury, the taxman netted Sh784.9 billion in the first seven months of the 2020-21 financial year, which was a 10.2 per cent drop from the Sh874.5 billion collected last year.

Despite acknowledging that the economy will struggle to find its footing in the next financial year starting July, Treasury pushed up its tax collection estimates in its final Budget Policy Statement…

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