According to Treasury figures, the Kenya Revenue Authority (KRA) collected approximately 60% of its full-year revenue goal in seven months through January, owing to economic recovery from Covid shocks and new taxing policies.
According to exchequer data issued last Friday by Treasury Secretary Ukur Yatani, collections for the first seven months of the current fiscal year ending June surpassed the Sh1 trillion mark in the review period for the first time.
Tax revenues totaled Sh1.01 trillion between July 2021 and January 2022, a 28.89 percent increase or Sh226.76 billion higher than the preceding period.
This implies that the taxman is ahead of its prorated aim, having collected an average of Sh144.52 billion each month against a prorated goal of Sh142.29 billion, owing in part to the low base in the previous year.
The growth has mostly benefited from the economy’s gradual recovery from the Covid-19 shocks, the taxman’s proactive use of data to detect cheaters, and increasing taxes, which has boosted the cost of essential goods.
The withdrawal of Covid
tax reliefs for enterprises and workers, excluding those earning less than Sh24,000, which were in effect between April and December 2020, also aided collection.
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