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KRA boosts businesses with over Sh14b in tax refunds

Times Tower building. [Jenipher Wachie/Standard]

Private firms have received Sh14.2 billion in tax refunds in what is expected to inject much-needed liquidity to oil a cash-strapped economy.

Kenya Private Sector Alliance (Kepsa), a lobby of private business owners, said the arrears were for the financial year 2018/19 and were released in two tranches of Sh11.1 billion and Sh3.1 billion by the Kenya Revenue Authority (KRA).

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