Banks accounted for a quarter of corporation taxes paid in two years through December 2018, an industry analysis has shown, underlining Kenya’s heavy reliance on the banking industry for revenue.
An assessment by audit and consultancy firm PricewaterhouseCoopers (PwC) suggested that banks and micro-financiers contributed 26.19 percent, or Sh91 billion, of the estimated Sh347.4 billion corporate taxes in 2017 and 2018.
