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In presenting the Budget Policy Statement, Cabinet Secretary for National Treasury Henry Rotich was cautious about raising tax rates, saying that Kenya Revenue Authority (KRA) needs to do a lot more in ensuring that the revenue leakage is minimised. On this basis, KRA’s revenue target for the financial year 2016-17 has been set at Sh1.3 trillion.
Despite not meeting its revenue target in the recent past, and in some cases missing the target marginally, KRA has done a commendable job. Picture this: in 2002-03, the total revenue collection was Sh185 billion.
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