Wednesday 14 November 2018
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africanews - 21 days ago

Kenya: Tax exemptions hurt state revenue

Kenya has lost nearly $ 2.7 billion over the last three years, due to the government’s tax-free policy. This is according John Njiraini, Commissioner General of Kenya Revenue Authority (KRA). According to the official, relayed by Bloomberg, between $840 and $890 million escape the coffers of the state every year. This situation is attributable to the government’s policy of tax relief, which has seen the introduction of a VAT exemption for projects financed by international donors. This came as part of

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