KRA misses target by KES 45 billion
22 November 2012, 10:29
Nairobi - The Kenya Revenue Authority missed its tax revenue collection target by KES 45 billion in the first quarter of this financial year, even as the government raised the annual target to KES 1 trillion.
Daily Nation reports that the missed target resulted largely from under performance in value added tax (VAT), where revenue collected were 24 per cent lower than expected.
The government had projected to collect KES 54.6 billion in VAT, but only managed to raise KES 41.5 billion.
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