This saw the taxman forego Sh65 billion in taxes which according to KRA, the monies went to the citizen's pocket. “The amount represents revenue forgone by the government, which consequently reduced tax revenue collection,” Mburu said. The closure of bars and controlled operating hours for restaurants in the better part of the year further dented the taxman's excise tax collections, mainly built on alcoholic drinks. However, KRA remains optimistic about the second half of the financial year which begins today, as the economy slowly regains its ground. Following the relaxation of curfew, consumption taxes like excise tax has increased.

Source: The Star January 01, 2021 00:56 UTC