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KRA missed target signals rise in price of State services
The Treasury has signalled fee increases for government services and fines as well as an aggressive pursuit of surplus cash in State firms as it seeks to double collections from non-tax revenues. FILE PHOTO | NMG
The Treasury has signalled fee increases for government services and fines as well as an aggressive pursuit of surplus cash in State firms as it seeks to double collections from non-tax revenues while lowering the Kenya Revenue Authority’s targets by Sh102.70 billion.
Cash flow problems brought home by job cuts and lower corporate earnings amid modest economic activity have cut avenues for raising taxes, forcing the Treasury to cut KRA’s targets for the year to June to Sh1.7 trillion from the initial Sh1.81 trillion.
