IMF seeks reversal of Corona tax cuts
The fund says the cuts will cost the Kenya Revenue Authority (KRA) and compromise the State’s ability to deal with emergencies and spending on development projects like roads, power plants and water infrastructure.
The IMF has asked the Treasury to reverse its earlier stand of delinking the tax reliefs to the end of the coronavirus pandemic, meaning that Kenyan workers and companies will stop enjoying them after the spread of the virus has been contained.