THE STANDARD By
Dominic Omondi |
March 18th 2021 at 00:00:00 GMT +0300
The Kenyan Currency. [Courtesy]
Kenya might have lost hugely in tax revenues, with an analysis of official data showing imports valued at more than Sh222.7 billion from China were either under-declared or diverted.
Data from China’s General Administration of Customs show that the Asian country exported to Kenya goods valued at Sh575.7 billion ($5.4 billion using the 2020 exchange rate), in the 12 months to December last year.
However, this is a substantial variance compared to the goods worth Sh353 billion captured by the Kenya Revenue Authority (KRA) report on imports from China during the same period.
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