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Rogue traders deny State Sh125 billion tax revenue
Summary
KRA says its data suggests fraudulent schemes by domestic firms and multinationals could be depriving Kenya of as much as 8.3 percent of government revenue.
Tuesday April 27 2021
By CONSTANT MUNDA
Summary
KRA says its data suggests fraudulent schemes by domestic firms and multinationals could be depriving Kenya of as much as 8.3 percent of government revenue.
The Kenya Revenue Authority (KRA) now estimates the country loses more than Sh125 billion every year in taxes to shrewd traders who falsify the value of goods and services.
The KRA says its data suggests fraudulent schemes by domestic firms and multinationals could be depriving Kenya as much as 8.3 percent of government revenue, which amounted to nearly Sh1.51 trillion for the fiscal year ended June 2020.