The Kenya Revenue Authority (KRA) has collected Ksh 154.3 billion in October, against a, set target of 142.2 billion.
The impetus in tax collection comes amidst a bullish post-economic recovery prediction.
KRA Commissioner-General James Githii Mburu said the Domestic Taxes accounted for the bulk of the collections.
"Domestic Taxes recorded a performance rate of 106.5 percent with a collection of Kshs.96.616 Billion against a target of Kshs.90.700 Billion recording a surplus of Ksh. 5.9 Billion. PAYE registered a collection of Kshs.37.001 Billion against a target of Kshs.36.462 Billion registering a performance of 101.5%." CG Mburu said in a statement.
The taxman has introduced a performance-based and revenue validation system to improve collection and net tax cheats.
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CG Mburu added that the improvement is a sign of good fortunes based on a recovering economy.
"The sustained strong performance is a reflection of the improving global economic environment as well as the implementation of revenue enhancement initiatives by the Authority." he added.
Taxes are the principal source of Government revenue and KRA’s good performance is a welcome relief to the Government that has in the past depended on funding to sustain its budget.
*This article was written by Henry Kimoli for Uzalendo News. Email: uzalendonews24@gmail.com to submit your story.
