The National Treasury is betting on higher value-added-tax(VAT) collections from July 1, on a wider coverage of goods and services, to deliver the haul of Sh2.75 trillion in taxes to fund the 2024/25 budget.
According to exchequer estimates of revenue, grants, and loans for the period, collections from value-added tax (VAT) are expected to rise by Sh157.4 billion to Sh812.2 billion from the present estimate of Sh654.7 billion.
