Kenya Revenue Authority is projected to collect Sh3 trillion in the next financial year (2023-2024), National Treasury Cabinet Secretary Njuguna Ndung’u told MPs on Tuesday.
He said KRA will improve tax compliance through a reduction of the VAT gap from 39.9 per cent to 19.8 per cent and a reduction of the Corporate Income Tax gap from 32.2 per cent to 30.0 per cent.
Source: www.msn.com
Latest Posts in "Kenya"
- KEBS Announces New PVoC Contracts: Import Inspection Changes and SGS Appointed for Key Zones
- Fonoa Recorded Webinar: E-Invoicing in Africa – Nigeria, Zimbabwe, Kenya, Ghana
- Kenya Court Clarifies VAT Liability for Non-Resident Digital Platforms as Deemed Suppliers
- KRA VAT Collections Hit Sh30 Billion Monthly After Mandatory Electronic Invoicing Enforcement
- Kenya Unveils Tax Reforms to Boost Agricultural Exports and Enhance Global Competitiveness
