The Kenya Revenue Authority (KRA) reported a tax revenue collection of KES 152.14 billion in January, marking it as the third highest-earning month in the 2022/23 fiscal year.
According to a gazette notice, the tax revenue collected during the first half of the fiscal year 2022/23 amounted to KES 1.1 trillion, which accounts for 53.3% of the full-year target of KES 2 trillion. This achievement is credited to the continuous tax policies and revenue administration reforms.
President William Ruto of Kenya has set a new tax revenue target of KES 4.8 trillion by June 2027. In addition, he has revived a proposal to impose higher taxes on Kenya’s super-rich and high-income earners. The introduction of a wealth tax was previously proposed but did not receive approval during his predecessor Uhuru Kenyatta’s tenure.
Despite criticism from opposition leaders such as Raila Odinga and Martha Karua, who have questioned his fiscal policies and demanded accountability on tax revenue spending, Ruto has defended his tax reforms. He believes they are necessary for Kenya’s economic recovery and development and insists that all Kenyans should contribute their fair share of taxes.
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