A recently published report by the Parliamentary Budget Office says Kenya Revenue Authority (KRA) could miss on its tax collection targets by as much as KSH. 300B as Kenyans sharply cut costs on consumption of basic necessities including fuel, food and telephone calls.
The report further notes that all tax revenue categories recorded below-target performance during the period under review.
“If the performance rate follows the same trend for the rest of the fiscal year, then the annual target is likely to be missed by approximately KSH. 300B,” the report says in part.
