Foreign firms on the spot as KRA hunts for Sh6 trillion revenue

Kenya loses billions of shillings in foregone revenue from traders under-declaring or overestimating the value of import and export goods.[File, Standard]

Kenya Revenue Authority’s (KRA) projection in its strategic plan for the next three years to collect Sh6 trillion in domestic revenue by 2021 sounds too ambitious by all standards.

According to the taxman, the revenue targets will be met by increasing the number of taxpayers in the country from the current 3.9 million to seven million by 2021. This will be supplemented by boosting compliance among existing ones.