Considering that tax is one of the government’s primary sources of revenue, recent National Treasury statistics revealed that tax evasion will increase the budget deficit by 6.2 per cent. The government plans to strengthen Kenya Revenue Authority (KRA) as he seeks to nip tax evasion in the bud. Creative ways have been found to avoid paying taxes. Apart from allowing fast collection of debts, The State is working to strengthen the existing tax collection framework and the Kenya Revenue Authority. They fear the potential monetary repercussions of admitting past wrongdoing and paying taxes.
Source: Daily Nation November 14, 2019 18:53 UTC