Among the outperformers in the last financial year was collections from Excise Tax on betting which managed to collect Sh6.65 billion against a target of Sh5.72 billion.
KRA has attributed the missing of its tax revenue target by Sh107 billion to the harsh economic environment.
Among the outperformers in the last financial year was collections from Excise Tax on betting which managed to collect Sh6.65 billion against the targeted Sh5.72 billion.
The Kenya Revenue Authority (KRA) collected Sh2.17 trillion in tax revenue in the financial year ended June 2023, translating to a 6.7 percent growth compared to the previous financial year. However, it missed its revenue target for the financial year 2022/23 by Sh107.0 billion.
This means that in the financial year ended June 2023, KRA reported a 95.3 per cent performance rate in tax collection and is the first financial year in two consecutive ones in which KRA has missed its target.
