KRA Collects Ksh 476 Billion In Revenue, Beats Target By Ksh 14 Billion

The Kenya Revenue Authority (KRA) has collected 476.646 billion shillings in revenue in a period of three months to September 2021.

The tax collector says that the collection is 14.992 billion shillings above the target that had been set at 461.653 billion shillings.

“The performance reflects a sustained revenue growth in the first three months of the year with a performance rate of 103.2 percent and growth of 30 percent,” said the Authority.

KRA has been under pressure from the government to step up revenue collection to help the government cut down on its roaring borrowing appetite that has seen the national debt hit the roof.

In July, KRA surpassed its revenue collection by 311 million shillings with a collection of 152.854 billion shillings against the set target of 152.543 billion shillings.

KRA has been on a mission to ensure that Kenyans pay taxes through thick and thin by making sure that revenue losses are minimized by cutting down on corruption.

The tax man has gone to the point of rewarding employees with double salaries to “motivate” them to work hard and not to take bribes.

Towards the end of last month, the High Country rejected the implementation of Minimum Tax that was set to hit hard on businesses that were making huge losses already. KRA says it is heading to the Court of Appeal to challenge the ruling.