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KRA banks on corporate taxes to plug hole left by dwindling PAYE

PHOTO:COURTESY

Kenya Revenue Authority (KRA) is betting on corporate taxes to close the gap left by dwindling Pay as You Earn (PAYE) taxes.

PAYE, which the taxman says is shrinking as a result of companies freezing employment as well as laying off employees, has left a gaping hole in KRA’s quest of hitting the Sh1.77 trillion tax collection target for the 2017-18 fiscal year.

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