This archive report was first published on 2 October 2021.
Kenya Revenue Authority (KRA) has announced a significant revenue collection milestone, surpassing its target for the first quarter of the 2021/22 financial year.
According to KRA, the agency collected Sh 476.65 billion in the three months from July to September, a 30 percent growth compared to the same period last year.
The revenue collection exceeded the target of Sh 461.65 billion, with KRA attributing the success to an improved macro-economic environment, relaxation of Covid-19 containment measures, and sustained implementation of enhanced compliance efforts.
Pay As You Earn (PAYE) recorded the highest growth at 104.2 percent, with the total taxes collected standing at Sh 107.79 billion, against a target of Sh 103.37 billion, resulting in a surplus of Sh 4.39 billion.
Customs and border control also performed well, collecting Sh 173.24 billion against a target of Sh 161.84 billion, reflecting a revenue surplus of Sh 11.39 billion.
Domestic Taxes performance reported a 32.9 percent growth compared to a similar period last year, with the Domestic revenue collection standing at Sh 302.145 billion against a target of Sh 298.626 billion, resulting in a surplus of Sh 3.519 billion.
Value Added Tax (VAT) collections amounted to Sh 60.188 billion against a target of Sh 59.173 billion, resulting in a surplus of Sh 1.015 billion.
KRA has assured that it will enhance tax compliance through the implementation of enhanced scanning and intelligence-led verification of import cargo, and will intensify its fight against tax evasion to ensure that no revenue is lost.
