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.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.
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