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KRA misses target by Sh350b as economic activities slump

Kenya Revenue Authority (KRA) missed its target by Sh350 billion, the highest in five years that saw the Government net Sh1.43 trillion in taxes in the last financial year.

The National Treasury had initially given the taxman a target of Sh1.8 trillion, but KRA, which has perennially been missing its target, shot even wider in the last financial year as Covid-19 devastated the economy.

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