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

Freeze on Finance Act and high tax targets put KRA in a tight corner

KRA's Times Tower offices. The taxman has a target to collect Sh2.57 trillion over the financial year to June 2024. [Wilberforce Okwiri, Standard]

The Finance Act 2023 set the record as the fastest to be signed into law, but will now likely set another for taking long before being implemented.

Its delayed implementation has now hit the Kenya Revenue Authority (KRA), which cannot collect the new tax measures contained in the law.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full 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
Opinion
Safaricom partial divestiture: Endless scrutiny or bold infrastructure growth?
Business
New bid to double Kenya-UK trade to Sh680b
By Fay Ngina 17 hrs ago
Business
Why blended finance is gaining traction in Kenya's search for sustainable funding
Business
'We are coming for you,' Why KRA has suspended nil tax filings