There are growing demands for additional resources to finance critical economic projects. Generally, the main sources of domestic resources that are readily available to finance development projects in a country are taxes and savings. Kenya’s performance in these critical sources of domestic resources has been below par and this has contributed to the exponential growth in external public debt in the recent past. On the other hand, according to the National Treasury, tax revenue as a share of GDP declined from 17% in 2013/14 to 14% in 2019/20. The digital economy has emerged as a key player in the country and this has not escaped the attention of the KRA.

Source: The Star May 24, 2021 00:56 UTC