Kenya Revenue Authority misses target by Sh122b on weak economy

KRA Head office in Nairobi (PHOTO: FILE)

Massive job losses contributed to poor tax collection in January with the Kenya Revenue Authority (KRA) missing its target by Sh122 billion.

A presentation made by the National Treasury before Senate Standing Committee on Finance and Budget showed that the taxman had collected Sh937 billion by end of January against a target of Sh1.06 trillion.