The biggest blow to revenue is expected from income tax, with the Treasury having lowered expected collections by Sh78.6 billion, from Sh1.384 trillion to Sh1.305 trillion.
By
Constant Munda
Correspondent
Nation Media Group
The National Treasury has cut its tax revenue target for the current financial year ending June by Sh81.4 billion, signaling weaker-than-expected collections from corporate and workers' earnings.
The KRA will likely record wider missed targets if the tax concessions are adopted without a reduced revenue outlook for the…
Ordinary revenue or taxes recorded the widest shortfall at Sh53.5 billion. Ordinary revenue collections totaled Sh2.587 trillion,…
Total collections rose by Sh90 billion, with the taxman saying this was a result of a change of strategy to tax administration…
Treasury is considering cutting Kenya’s Sh4.8 trillion 2026/27 budget and possibly raising taxes amid global economic pressures…
The latest performance marks the fastest corporation tax growth in three years, accelerating from 9.8 percent in FY2024/25 and…
Figures indicate that while Corporate Kenya remains profitable, earnings growth is steadily losing momentum amid weaker consumer…
