Industrialists are lobbying the Treasury to create a fund in the year beginning July 1 for timely payment of tax refunds to ease their perennial cash flow challenges.
The Kenya Association of Manufacturers (KAM), in its 2020/21 budget push wants changes to the Public Finance Management (PFM) Act to compel the Treasury and National Assembly allocate billions of shillings monthly to the Kenya Revenue Authority (KRA) to clear value-added tax (VAT) refund claims.
