The Kenya Revenue Authority (KRA) has collected a total of Ksh 2.571 trillion in revenue for the 2024/25 fiscal year, surpassing its collection target of Ksh 2.555 trillion.
The collection represents a performance rate of 100.6pc and is 6.8pc higher than Ksh 2.407 trillion collected in the last financial year.
Data released by the authority indicate that during the last financial year, agency revenue and customs revenue reported fastest growth during the period despite economic setbacks experienced in the first half of the last fiscal year.
“For example, the first half of the Financial Year 2024/25 was characterised by numerous economic headwinds, including shelving of the Finance Bill 2024, high bank lending rates, global tariffs war, and international conflicts,” said Humphrey Wattanga, KRA Commissioner General.
During the period, KRA says exchequer revenue reported a performance rate of 9pc and grew by 4.5% to Ksh 2.32 trillion compared to Ksh 2.22 trillion collected in the previous financial year.
On the other hand, agency revenue which is collected on behalf of other government agencies reported a massive growth of 119.5pc after collection hit Ksh 248.28 billion against a target of Ksh 40.47 billion.
Similarly, domestic revenues registered a growth of 4.8pc after KRA collected Ksh 1.69 trillion against a target of Ksh 1.72 trillion translating to a performance rate of 98.1pc.
Customs revenue recorded a performance rate of 105.9pc with a collection of Ksh 879.33 billion against a target of Ksh 830.37 billion. This translates to a revenue growth of 11.1pc, compared to the same period in FY 2023/2024.
Wattanga says domestic value added tax grew by 4.2pc to Ksh 327.336 billion backed by measures undertaken during the period.
“In the second half of the FY, KRA implemented a raft of VAT compliance initiatives to seal revenue loopholes, enabling the collection of Kshs. 178.962 Billion. These initiatives included strict VAT registration controls and verification of declarations,” he added.
Excise tax from betting services reported a performance rate of 117.2pc after KRA Ksh 13.233 billion against a target of Ksh 11.288 billion.
Pay-As-You-Earn (P.A.YE) on the other hand saw collection rise by 3.3pc to Kshs. 560.963 billion with a performance rate of 99pc.
Corporation Tax grew by 9.9pc compared to 4.9pc in the last financial year, after KRA collected Ksh 304.833 billion against a target of Ksh 321.08 billion.
“The performance was boosted by a number of sectors, including ICT, manufacturing, financial, real estate, wholesale and retail among others,” Wattanga stated.
Domestic excise tax head recorded a performance rate of 97.2pc%, with a collection of Ksh 69.385 billion.
