Nairobi, Sept. 21 -- Kenya Revenue Authority's (KRA) tax collections for the two months to August dropped 15 percent to Sh188.08 billion, reflecting sluggish economic performance after easing Covid-19 lockdown restrictions.
Latest data by the National Treasury shows that tax collections dropped by Sh33.27 billion in the two months from Sh221.35 billion in similar period last year.
The drop reflects a subdued environment with below-par imports owing to low demand for goods despite the phased re-opening of the economy in July.
Companies grappling with reduced revenues have also continued to shed jobs, cut salaries and sent workers on unpaid leave, further hitting KRA' collections from sales and payroll.
Treasury Secretary Ukur Yatani resp...