Rotich banks on tax reforms to collect additional Sh60bn

The Treasury expects new tax policy measures now under implementation to generate an extra Sh60 billion, according to a new report produced by the International Monetary Fund (IMF).

With the implementation of the online i-tax initiative, there are expectations of greater compliance with pay-as-you-earn (Paye) that should raise another Sh10 billion while changes in value added tax (VAT) are projected to give an extra Sh8.1 billion.