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Ruto seeks to reduce VAT gap from 38.9 to 19.8 percent

The Kenya Kwanza has unveiled its first draft Budget Policy Statement (BPS) which sets out the priority programs, policies and reforms the new administration intends to undertake.

Administratively, the tax men aim at reducing the VAT gap from 38.9 to 19.8 percent and also reduce the corporate tax gap from 32.2 to 30.0 percent.

Source: the-star.co.ke

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