Shortfall in tax receipts from profit and proceeds from property transfers by companies, co-operatives and trusts widened further in the year ended June, 2019, reflecting reduced deals in corporate Kenya.
Provisional statistics tabled in the National Assembly by the Treasury show tax collections on company earnings were flat, growing 0.71 percent to Sh292.03 billion. The collections underperformed the Treasury goal of Sh388.94 billion target by Sh96.91 billion, preliminary data in the latest Quarterly Economic and Budgetary Review report indicates.
