Government loses Sh33 billion in first two months of 2020/21 financial year

Tax revenues for the first two months of the 2020/21 financial year dropped by 14.9 per cent as businesses continue reeling from the effects of the coronavirus pandemic.

Over the months of July and August this year, the Kenya Revenue Authority (KRA) collected Sh188 billion. This was Sh33 billion lower than Sh221 billion that the taxman collected over the first two months of 2019/20 financial year.