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    KRA Collects KSh 50 Billion from Hospitality Sector At JKIA

    Fred
    By Fred Obura
    - July 24, 2023
    - July 24, 2023
    Kenya Business newsTaxation
    KRA Collects KSh 50 Billion from Hospitality Sector At JKIA

    Kenya Revenue Authority(KRA) Customs and Border Control Department has registered a revenue collection growth of 10.12% at the Jomo Kenyatta International Airport (JKIA), to reach KSh49.063 billion against a target of KSh46.991 billion. This represents a 104% rate against the financial year 2022/2023 revenue target.

    In a statement, the taxman attributed the new revenue to the reopening of economies after the Covid-19 pandemic leading to a significant cargo increase.

    “This enabled KRA to collect Sh5.388 billion against a target of Sh4.806 billion from air navigation service charge, which is levied on planes landing at the airport. The revenue reflects a performance rate of 112 per cent. The collection represents a 31.91 per cent growth in revenue compared to the same perion in the financial year 2021/2022,” KRA said.

    Revenue collected from air passenger service at JKIA also recorded a growth of 53.33 per cent compared to the financial year 2021/2022. The growth is attributed to an increase in the number of air passengers.

    According to the economic survey 2023, the total number of passengers handled at the Kenyan airports increased from 6.703 million in 2021 to 10.238 million in 2022. This was attributed to an increase in the number of international and domestic passengers by 80.4 per cent and 32.1 per cent respectively. Passenger traffic at JKIA increased by 65.0 per cent from 3.974 million in 2021 to 6.556 million in 2022.

    KRA collected Sh11.570 billion from the air passenger services charge at JKIA against a target of Sh8.037 billion translating to 114 per cent performance rate.

    ALSO READ: KRA Collects Sh135B More In FY 2022/23 – Kenyan Wallstreet

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