Manufacturers and the government have so far agreed on various necessary changes that should be undertaken to ease the refund of VAT. According to KAM chief executive, Phyllis Wakiaga, this is expected to reduce the accumulating VAT claim credits from manufacturers. Other expected changes include the introduction of an automated platform for reclaiming VAT refunds through iTax in the next three weeks. Wakiaga said there is need to review the amount of capital withheld by KRA as VAT as it interferes with operations. Wakiaga said KRA has accepted that the current VAT Refund formula has a problem.

Source: The Star February 05, 2019 21:00 UTC