Economy

Economy

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Treasury CS John Mbadi Treasury CS John Mbadi

Banks hand Treasury record Sh205 billion in tax as compliance costs jump

The average annual compliance cost per bank spiraled by 62.25%, surging to nearly KES31M in 2025 from KES19.10M in 2024.
KRA KRA

KRA busts Sh4 billion in VAT fraud scheme, fake invoices

Taxman has presented 37 inquiry files to the Office of the Director of Public
SME funding SME funding

Businesses in Kenya starved of Sh3 trillion, chocking growth

Bulk of enterprises in food, trade, services, light manufacturing and
KRA Customs KRA Customs

KRA customs exceeds September collections target by Sh965 million

Taxman attributes rise to increased value of imported fertilisers, iron, steel

Below the fold

Below the fold