Kenya Revenue Authority(KRA) has collected KSh 476.646 Billion between July and September 2021/22 financial year, surpassing a revenue target of KSh 461.7 Billion by KSh 14.992 Billion. This sustained revenue growth reflects a performance rate of 103.2% and growth of 30%.
KRA surpasses revenue target for July 2021
Despite the slow economic growth, the taxman surpassed its July 2021 revenue target with a surplus of KSh 311 Million after a revenue collection of KSh 152.854 Billion against a target of KSh 152.543 Billion, reflecting a performance rate of 100.2%.
In August, the taxman collected KSh 138.906 Billion, a performance rate of 103.6% and growth of 29.5% above the set target and recording a surplus of KSh 4.816 Billion.
In September 2021, the tax collector surpassed the target of KSh 175.02 Billion by KSh 9.886 Billion after a collection of KSh 184.886 Billion, a performance rate of 105.6% and a growth of 28.6%.
KRA attributes good revenue performance in Q1 2021/22 financial year to improving the macro-economic environment, relaxation of COVID-19 measures and enhanced compliance efforts by the Authority.
Kenya’s GDP is expected to grow by 6.3% in 2021/22 compared to a contraction of 0.3% in 2020.