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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.

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