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KRA collected a paltry Sh354m in taxes from Covid-19 billionaires

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Times Tower in Nairobi, the headquarters of Kenya Revenue Authority.

Photo credit: File photo

What you need to know:

  • Imports to the country are subjected to a standard VAT rate of 16 per cent, levied on the sum of the Cost, Insurance and Freight (CIF) value, duty and other applicable taxes.

The government collected a paltry Sh354.1 million in taxes from vendors who made Covid-19-related supplies to Kenya Medical Supplies Authority (Kemsa), according to data presented to Parliament by Kenya Revenue Authority (KRA).

The KRA documents indicate that the taxes were realised from 851 importers who supplied 431,614 COVID-19-related items to Kemsa between March 2020 and July 2020.