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Treasury banking on VAT in Sh3.8trn revenue growth plan
Kenya Revenue Authority is banking on VAT as holding the greatest potential for growth in a bid to raise Sh3.8 trillion in revenues. FILE PHOTO | SHUTTERSTOCK
The Treasury is eyeing value-added taxes (VAT) as the segment with the highest potential for growth in its ambitious plan to expand revenue to Sh3.8 trillion by 2027.
In the next four years from July, VAT collections are expected to rise by 80.6 percent, the highest among the four major tax heads.
