Treasury cuts annual revenue target by 5pc for year 2018-19

Peter Mikisi, a petrol station attendant in Nakuru fuels a car. Despise the introduction of new taxes, revenue collection has failed to grow forcing the Government to revise it downwards. [Kipsang Joseph, Standard]

Kenya has cut its revenue target for this fiscal year by five per cent to Sh1.61 trillion, the second year in a row, with the National Treasury revising its tax goal downward.

 The Kenya Revenue Authority (KRA) initially sought to raise Sh1.69 trillion in the year through June 2019, National Treasury Secretary Cabinet Secretary Henry Rotich said in a notice in the Kenya Gazette.