Over the months of July and August this year, the Kenya Revenue Authority (KRA) collected Sh188 billion. This was Sh33 billion lower than Sh221 billion that the taxman collected over the first two months of 2019/20 financial year. The taxman would need to collect more in coming months if it is to hit this year’s tax revenue target of Sh1.57 trillion. In the year to June 2020, KRA collected Sh1.6 trillion, missing the target of Sh1.8 trillion by Sh200 billion. In April, personal income tax (PAYE) was reduced from 30 per cent to 25 per cent, while people earning up to Sh24,000 would get 100 per cent tax relief.

Source: Standard Digital September 19, 2020 21:33 UTC