The decision to suspend the payment of tax refunds by the Kenya Revenue Authority (KRA) to conduct an audit of reliefs needs a rethink as it will hurt cash flow for businesses that rely on the funds as working capital.
The suspension of tax relief payments denies businesses and individuals close to Sh21 billion in liquidity when the cost of operations is skyrocketing due to a weakening shilling and fears of a slowdown in exports pegged on the global recession.
