Kenya loses more than Sh400 million to tax crimes annually, the Kenya Revenue Authority(KRA) says as it intensifiesefforts to reduce the crimes. Tax crimes such as tax evasion, bribery and corruption greatly impair revenue collection efforts of the taxman. The survey titled “Kenya Bribery Index 2019”, reports that 87 percent of respondents sampled in 2019 never reported corruption cases. A report by The Africa Initiative dubbed “Tax Transparency in Africa 2020”, estimates that Africa suffers revenue loss of around $40 to $80 billion every year to tax evasion. The taxman reported a revenue performance of Sh176.7 billion in April 2021 against a set target of 170.2 billion.

Source: The Star May 18, 2021 15:00 UTC