Tax relief for businesses as Treasury moves to clear Sh10b VAT backlog

KRA Commissioner General John Njiraini. [PHOTO: STANDARD]

NAIROBI, KENYA: The Government plans to clear the first batch of Value Added Tax (VAT) funds, amounting to Sh10 billion, by January 2015 and complete paying the remainder within the first four months of the year.

This measure is expected to bring relief to thousands of businesses whose operations have been stifled by a clogged VAT refund system at the Kenya Revenue Authority (KRA).