KRA surpasses revenue collection by Ksh.126 billion in May
The Kenya Revenue Authority (KRA) surpassed its revenue collection target for the month of May by Ksh.126 billion, pointing towards improved economic activity in the country following the fully re-opening of the economy.
This was driven by the utilization of technology and information exchange with external countries to curb tax cheats.
“It is the highest ever surplus in tax mobilisation. We believe that in the coming years we will continue with such good performance,” said KRA Commissioner General Githii Mburu.
It netted a record Ksh.181.7 billion in the period under review to edge closer to its 2021/22 full-year tax revenue target.
This was a substantive 48.2 percent from Ksh.122.6 billion in the same month last year.
The National Treasury budget documents as of March 2022 showed that the tax man was ahead of its targets in the Value Added Tax (AVT) and income tax categories by Ksh.10.8 billion and Ksh.17.8 billion respectively.
The 2021/2022 budget had set an ordinary revenue target of Ksh.1.77 trillion for the KRA, which was then revised to Ksh.1.8 trillion in the 2022 budget policy statement.