Tax pain as Treasury eyes Sh343bn in new Finance Bill

Cabinet Secretary National Treasury and Economic planning John Mbadi.

Photo credit: Dennis Onsongo | Nation Media Group

The Treasury will be seeking additional Sh343 billion in tax revenue in the next financial year, signalling additional taxes that could raise the risk of a fresh round of social unrest.

The Kenya Revenue Authority (KRA) will be required to collect Sh2.732 trillion as tax revenue, according to Treasury projections, being 14.4 percent or Sh343 billion more than the Sh2.389 trillion targeted in the current financial year.

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