KRA to miss revenue target

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KRA to miss revenue target

The Kenya Revenue Authority (KRA) is likely to miss its revenue targets in the current financial year despite improved revenue collection. This is due to a depressed income and corporation tax. Tax collection in the first half of this financial year rose by a mere 6.63% compared to a similar period last financial year. As a result, The Treasury expects to collect Sh61 billion less than it had initially planned this fiscal year.

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