Kenya's tax agency rolls out reforms after missing targets
KRA leadership during the 2022 Taxpayers' Day at the KICC on October 28, 2022. KRA has initiated reforms to ensure it hits the set tax collection targets of 2023. PHOTO | DIANA NGILA | NMG
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
The Kenya Revenue Authority has initiated a series of changes and measures aimed at improving tax collection, after it missed its targets for the first half of the year by over $340 million (KSh43.49 billion).
KRA collected only $7.8 billion (Ksh999 billion) in the first half of this financial year of the total $20.1 billion (KSh2.57 trillion) needed for the entire year, meaning that the agency will need to almost double its revenue yields in the remaining months to meet the target.
