Kenya losing millions over wrong import, export prices

Cargo at the port of Mombasa. FILE PHOTO | NMG

Kenya is losing millions in revenues due to unscrupulous traders who deliberately price imports and exports wrongly, a new report shows.

The report, released this month, shows that the government potentially lost $907 million in revenue in 2013 due to misinvoicing and illicit financial flows.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.