State to lose Sh200b if new e-tax system is cancelled

The Government stands to lose over Sh200 billion revenue, if Parliament cancels implementation of a new e-tax system, cautioned an official from the tax authority.PHOTO: COURTESY

The Government stands to lose over Sh200 billion revenue, if Parliament cancels implementation of a new e-tax system, cautioned an official from the tax authority.

Members of the Parliamentary Investment Committee, who are investigating how Kenya Revenue Authority (KRA) awarded a Swiss company Sh17.7 billion Excisable Goods Management System (EGMS) tender, heard that the new application has helped seal past revenue leakages.