Relief as Treasury clears tax refunds ahead of budget

Treasury Principal Secretary Kamau Thugge. He said some firms had inflated amounts owed, occasioning an audit before payment. [Photo: Boniface Okendo/Standard]

The National Treasury has confirmed that it has cleared all the tax refunds that it owed manufacturers as it gears for tabling of the 2017-18 budget.

Speaking Thursday at a pre-budget press briefing in Nairobi, Principal Secretary Kamau Thugge said the backlog of all refunds, as old as two financial years, have been paid.