KRA targets over Sh300bn from the informal sector

The Kenya Revenue Authority offices in Mombasa.

Photo credit: File | Nation Media Group

The Kenya Revenue Authority (KRA) is targeting to raise more than Sh300 billion from about 11 million personal identification number (PIN) holders in the informal sector in the current financial year.

Through the Micro & Small Taxpayers (MST) Department, the authority is simplifying tax processes for Micro, Small and Medium Enterprises (MSMEs) that will increase their contribution to overall revenue collection.

PAYE Tax Calculator

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