The government has set a target to collect Sh2.07 trillion in tax revenue by the end of the financial year, up from a target of Sh1.7 trillion for last year.
The Kenya Revenue Authority (KRA) increased its revenue collection by seven percent last month compared to July last year, marking a positive start for the taxman’s efforts to collect more revenues to fund this year’s budget.
Data from the National Treasury shows that KRA collected Sh130.6 billion tax revenue in the first month of the financial year 2022/23-- a Sh8.76 billion increase from the Sh121.8 billion it collected in July last year.
