×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

KRA’s new withholding tax to worsen refund backlog, warn experts

Kenya Revenue Authority Commissioner General John Njiraini.

NAIROBI, KENYA: The Government has re-introduced withholding Value Added Tax (VAT) on its suppliers in a move aimed at shoring up its revenue collections.

But tax experts are warning that the policy reversal would lead to accumulation of tax refunds that already have plunged many businesses into cash-flow problems.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in