KRA misses first quarter revenue target by Sh79 billion

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KRA Commissioner General, Humphrey Wattanga. FILE PHOTO | DENNIS ONSONGO | NMG

The Kenya Revenue Authority (KRA) missed its revenue target for the first quarter of the current financial year by Sh79 billion.

KRA Commissioner-General Humphrey Wattanga told the National Assembly’s Finance Committee that slow economic growth, low oil imports tax exemptions on food-related items and failure by some government entities to remit pay-as-you-earn (PAYE) contributed to the failure to meet revenue targets.

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