Look like economic recovery will be quick - KRA collect 166B in dec

[RV Pundit]

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https://www.the-star.co.ke/business/kenya/2021-01-17-kra-upbeat-as-it-surpasses-december-tax-targets/

[Nefertiti]

Kenya needs to collect 250B pm to seal 3B budget. That the right level of revenues - 30% of 100B economy

[RV Pundit]

Nearly 45% of the economy is agriculture as a sector (30% as activity) - which is hardly taxed. There in lies the problem no 1. Problem no 2 is informal sector but m-pesa is helping net many - Kenya Gov - should simply concentrate on taxing mpesa transaction fee.

I think 20% tax to GDP is good for our economy - we have dropped to 17%.  That should generate about 20B in taxes and maybe another 5B in AIA - and we should be at 25B - with borrowing at 5B.

South Africa which is far more advanced are at 25%.

Kenya needs to collect 250B pm to seal 3B budget. That the right level of revenues - 30% of 100B economy

[Nowayhaha]

https://www.the-star.co.ke/business/kenya/2021-01-17-kra-upbeat-as-it-surpasses-december-tax-targets/

How much from Nairobi county ?

[hk]

It looks like there was penned up demand for imports and resumption of exports, its the reason why the customs and border department blew past estimates. However domestic department purchases increased by 8.9%( restocking) but sales only increased by 1.4% . Meaning companies are restocking but not selling fast enough. All in all the economy isn't going to be out of the woods for awhile.

[RV Pundit]

True. Also the currency induced inflation is starting to bite.

It looks like there was penned up demand for imports and resumption of exports, its the reason why the customs and border department blew past estimates. However domestic department purchases increased by 8.9%( restocking) but sales only increased by 1.4% . Meaning companies are restocking but not selling fast enough. All in all the economy isn't going to be out of the woods for awhile.