×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Covid-19 layoffs cost Treasury Sh23 billion in employee taxes

Taxes collected from workers in the three months to June declined by Sh23 billion compared to a similar period last year, significantly denting the government’s efforts to meet revenue targets amid the Covid-19 pandemic.

Latest data from the National Treasury indicates Kenya Revenue Authority (KRA) collected Sh88.6 billion in pay-as-you-earn (PAYE) tax between April and June compared to Sh111.6 billion that it managed to get in the same period last year.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in