Revenue collection grows by 9.6pc for the first half of 2017/18


Revenue collection grows by 9.6pc for the first half of 2017/18

In Summary

  • the Kenya Revenue Authority has reported a 9.6 percent growth in revenue collection for the first half of the 2017/2018 financial year with the overall revenue for the first half growing by 62.5 billion Kenyan shillings to 798.84 billion up from 649.7 billion.
  •   The growth has been attributed to better compliance enhancement efforts that are largely rooted in technology and other reforms implemented in revenue collection in the recent past.
  •   The growth is in spite of a difficult business environment in the last half of 2017 with an extended electioneering period which adversely affected the business environment and further depressed consumer spending.

The Kenya Revenue Authority has reported a 9.6 percent growth in revenue collection for the first half of the 2017/2018 financial year with the overall revenue for the first half growing by 62.5 billion Kenyan shillings to 798.84 billion up from 649.7 billion.

According to the authority, the growth has been attributed to better compliance enhancement efforts that are largely rooted in technology and other reforms implemented in revenue collection in the recent past.

The growth is in spite of a difficult business environment in the last half of 2017 with an extended electioneering period which adversely affected the business environment and further depressed consumer spending.

The revenue body now says that a much improved business environment in the second half of 2018 is however expected to lead to a normalized Government Fiscal programme.

The Authority will have to raise 798.84 billion Kenyan shillings over the next half to meet its revenue collection target for the year.

KRA has set its eyes on a target of 1.3 trillion Kenyan shillings in revenue collections by the end of the current fiscal year.

The targeted revenue collection is expected to be arrived at through focus on a number of initiatives including; utilisation of data collected through iTax, aggressive debt collection, a revamped rental income programme and enhanced cargo scanning and control through the Scanner Command and Control Centre.

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