The cost of tax incentives that Treasury gives companies and individuals has risen significantly, almost touching Sh500 billion per year, even as the Kenya Revenue Authority (KRA) continues to miss the annual revenue collection targets set for it by the Treasury.
KRA — which missed its 2018/19 target by Sh300 billion — told Parliament this week that the uncollected revenues, technically called tax expenditures, ballooned to Sh478 billion in 2017 alone.
