Tough Finance Bill lessons from 2024 and plan to fund Sh4.8trn budget
Nairobi, June 10 -- The National Treasury has refrained from introducing higher taxes to fund this year's Sh4.845 trillion budget, as lessons from the controversial Finance Bill 2024, which triggered deadly protests, continue to influence the government's revenue-raising measures.
For the second year running, Treasury Cabinet Secretary John Mbadi is banking on aggressive tax enforcement and other administrative measures to raise total revenue by Sh232 billion to Sh3.67 trillion in the 2026/27 budget.
The measures include stricter validation of expenses on the Kenya Revenue Authority (KRA) Electronic Tax Invoice Management System (eTIMS), integrating the KRA's systems with eCitizen and other digital payment platforms, and inspections to ...
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