K
Originally published by Kenyans
📰 Read Full Article
top
June 4, 2026
2h ago

KRA Reveals Billions Lost After Fuel Tax Cut Directives

KRA Reveals Billions Lost After Fuel Tax Cut Directives

President William Ruto made a directive on a reduction in the VAT on fuel prices to cushion Kenyans from the ripple effects of the war in the Middle East...

✨ Key Highlights

The Kenya Revenue Authority (KRA) has reported a significant tax revenue loss of Ksh9.1 billion following the government's decision to halve the Value Added Tax (VAT) on fuel.

  • The revenue loss occurred between April and May 2026.
  • This measure was implemented by President William Ruto to reduce the cost of living.
  • A portion of the lost revenue, Ksh5.1 billion paid on a specific fuel consignment, is expected to be recovered through future imports.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
Advertisement
Advertisement