Can KRA find a better way to refund VAT?

It is the hope of all affected micro, small and large businesses, owed some Sh18 billion in tax refunds by the Kenya Revenue Authority (KRA), that their problems will be sorted out when the VAT Bill, which has already received Cabinet approval, comes up for debate before Parliament.

In the 2012/13 Budget, Treasury has announced finalization in its review of the VAT law and that the VAT Bill 2012 will soon be tabled for debate and approval by the house.