Kenya Revenue Authority surpasses target on capital gains tax by 190pc

The Kenya Revenue Authority (KRA) says that to date, capital gains tax collections stand at Sh381 million against the revised estimates of Sh200 million. This means that the taxman has exceeded the target by 190 per cent.

This disclosure comes after the Authority disputed media reports alluding to a collection challenge for the capital gains tax after it collected only Sh200 million against a target of Sh 7 billion.