Tax refunds increased to Sh316 billion in the financial year ending in June 2021 despite spirited efforts by the National Treasury to reduce claims by getting rid of unnecessary waivers.
This is a rise of Sh48.9 billion from the Sh267.1 billion that the Kenya Revenue Authority (KRA) paid out to businesses that enjoy relief on various tax heads including Domestic valued added tax (VAT), Domestic Excise duty, Personal Income Tax, Corporate Income Tax.
Source: businessdailyafrica.com
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