Experts: Additional taxes not working, bad for businesses

This, they argue, is reflected in new data that shows less than five months to the close of the current financial year, the Kenya Revenue Authority (KRA) has collected less than 50 per Cent of its tax collection target. 

New data from the National Treasury contained in the latest Kenya Gazette notice dated January 19, 2023 suggests that the taxman may yet again be fall short in its tax collection target despite additional taxes in the last Budget.  

According to Treasury, KRA had managed to collect Sh1.05 trillion as of December 29,2023, which loosely translates to about 40 per cent of the initial estimates of the Sh2.49 trillion it hopes to collect by the end of this financial year.