Economics
Informal Sector on Tax Radar as East Africa Boosts Spending
- Kenya considers new tool for hard-to-tax parts of economy
- Tanzania to increase expenditure by 31% in new fiscal year
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Governments in East Africa will levy more tax on their informal sectors as they seek to accelerate growth through increased spending, while economies slow in other parts of the continent.
Kenya will reintroduce a new tool to collect revenue from hard-to-tax parts of the economy, Treasury Secretary Henry Rotich announced in his budget speech on Wednesday. His counterpart in Uganda also set out plans to improve compliance in the informal sector.