Kenya Revenue Authority (KRA) recorded a rare drop in tax collections in the first two months of this year, reflecting the subdued business activity amid fears the coronavirus pandemic will negatively impact the economy hard.
The latest data from the Treasury indicates that tax collections reduced from Sh219.56 billion to Sh216.06 billion in January and February. This is the first drop in recent times and reflects lower collections from businesses struggling with lower sales and workers plagued by stagnant pay.
