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Assessing Kenya’s tax collection strategy amid COVID-19
Kenya’s tax receipts for July were indicative of what could be a very difficult financial year for tax collection having dropped to Ksh94.54 billion in taxes in July compared with Sh107.45 billion a year earlier due to the Covid-19. Edna Gitachu, Tax Policy Lead at PwC Kenya joins CNBC Africa for more.
Wed, 26 Aug 2020 15:33:00 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Significant drop in tax receipts in July due to COVID-19
- Challenges in funding essential services and infrastructure projects
- Importance of innovative tax policies and efficient collection methods
Kenya's tax collection strategy has been severely impacted by the ongoing COVID-19 pandemic, with tax receipts dropping significantly in July. The country collected Ksh94.54 billion in taxes in July, a sharp decline from Ksh107.45 billion in the same period the previous year. This dramatic decrease in tax revenue has raised concerns about the country's financial outlook and its ability to fund essential services and infrastructure projects. To shed light on the challenges and strategies for Kenya's tax collection amid the pandemic, Edna Gitachu, Tax Policy Lead at PwC Kenya, joined CNBC Africa for an insightful discussion. Gitachu highlighted the importance of innovative tax policies and efficient collection methods to navigate the current economic challenges.
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