Commerce

KRA sustains upward revenue path, surpassing target by Sh126b in May

Thursday, June 16th, 2022 10:18 | By
KRA
KRA PHOTO/Courtesy

Kenya Revenue Authority (KRA) surpassed its revenue collection target by Sh126 billion by end of May, driven by its aggressive utilization of technology and information exchange with external countries to curb tax cheats.

The Treasury had in March raised ordinary revenue collection targets by 1.4 per cent to Sh1.801 trillion from the previous Sh1.776 trillion for the 2021/22 fiscal year ending June. Excise duty received a new projection by Sh19 billion.

Commissioner General Githii Mburu said KRA has been performing very well this year in terms of revenue mobilisation, adding that by the end of May, it had exceeded its revenue target by Sh126 billion.

“It is the highest ever surplus in tax mobilisation. We believe that in the coming years we will continue with such good performance,” he said. The collected tax could even rise further by the end of the second quarter of the financial year as shifts focus to corporates with unsettled tax arrears.

“We’ve been transforming and our focus now is the taxpayers. We are seeing them differently and we want to engage them in different capacities,” said Mburu.

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