Author Archives: Standard Business

Kenya Revenue Authority Commissioner General Humphrey Wattanga. [File, Standard] The Kenya Revenue Authority (KRA) is targeting to collect Sh60 billion from digital coin traders in the government’s renewed efforts to have Kenyans pay taxes. The targeting of digital coin dealers such as bitcoin, famously known as forex traders, is among the efforts by KRA to collect Sh20.486 trillion in the next five years according to its newly launched ninth corporate plan. Additionally, the agency seeks to transform itself into a facilitative institution for businesses during this period even as it requested a Sh10 billion allocation to offset piling Value Added Tax (VAT) refunds. KRA board chair Anthony Mwaura, speaking during this year’s Taxpayers Day celebrations at State House, Nairobi, said during the financial year 2023/24, the agency collected Sh10 billion