With the depressed economic conditions, revenue targets will not be met this year. TAX TARGETSBut what might hit KRA income tax targets hardest are collections from the banking sector. Income tax was supposed to be the key driver of high revenue tax collections in this financial year. As we saw in the supplementary budget numbers, the National Treasury responded to the hard times by adopting the lazy option of cutting the development budget. Indeed, the highlight of the supplementary budget was a massive Sh30.6 billion cut in the development budget.

Source: Daily Nation October 24, 2017 19:47 UTC