Taxman to pay Sh27b VAT refunds by April

KEPSA Chairperson Nick Nesbitt (left) with Kenya Revenue Authority Commissioner General Githii Mburu during a roundtable yesterday. [Courtesy]

Kenya Revenue Authority (KRA) has committed to pay Sh27.6 billion in VAT refunds owed to the private sector by April next year. The move is expected to boost liquidity in the ailing economy.

This follows a meeting between the taxman and members of the Kenya Private Sector Alliance (Kepsa) to iron out concerns raised by businesses.