War on rich tax cheats yields Sh103 billion

DNTAXSUMMIT0411Y

KRA commissioner-general Githii Mburu. PHOTO | SALATON NJAU | NMG


A crackdown on wealthy tax cheats in the final financial year of President Uhuru Kenyatta yielded Sh103 billion in new revenue, helping the country bridge its budget hole in the wake of expensive debt.

The International Monetary Fund (IMF) says the extra revenue as a result of roping into tax net households and businesses, which previously evaded the dragnet has been key to generating cash for fuel and fertiliser subsidies.

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