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KRA Records Highest Revenue Collection in 11 Years After Surpassing 2021/22 Revenue Target of 1.8T

Kenya Revenue Authority(KRA) has surpusses its revenue collection target for the financial year 2021/2022.

The taxman surpassed the 2021/22 financial year targets set for both Domestic taxes and Customs and Border Control revenue collection that has tripled from Ksh 707.36 Billion in FY2011/12 to Ksh 2.031 Trillion in FY2021/22.

This stands to be the highest revenue collection by the taxman for the last 11 years at a growth of 187.1% compared to last years collection.

Last year, KRA again managed to surpass its revenue target leading to the authority rewarding its employees with a one month salary.

In the said financial year, Domestic Taxes(DTD) collected 1.297 Trillion an upward performance at the rate of 102.4% while Customs and Border Control collected 728,530 Billion a revenue performance of 103.6%.

According to KRA, the key revenue drivers included enhanced active surveillance and enforcement operations that have been reinforced by collaborating with the multi-agency team, Participation in the Exchange tax information framework, Voluntary Tax Disclosure Programme.

Other included Implementation of technological strategies such as iWhistle, Enhancement of iTax , Enhanced Customs operations, the extensive use of data and intelligence to unearth unpaid taxes , Strengthening of integrity measures

Content created and supplied by: P~M~K (via Opera News )

DTD Domestic KRA Kenya Revenue Authority( Ksh


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