Treasury eyes Sh177bn from tax cheats after mild Finance Bill

Clients seek services at KRA headquarters in Nairobi on February 23, 2024. 

Photo credit: File | Wilfred Nyangaresi | Nation Media Group

The Treasury is betting on weeding out tax cheats and expanding the tax base to generate Sh177 billion in additional revenues for the year starting July.

Budget estimates tabled in the National Assembly indicate that the Kenya Revenue Authority (KRA) will be expected to raise extra Sh177 billion in the new fiscal year to Sh2.757 trillion from the current Sh2.58 trillion in the period to June 30.

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