KRA commissioner-general John Njiraini (left) and Alice Owuor, domestic taxes commissioner, during a press briefing on revenue performance for the first half of 2013/14 at Times Towers in Nairobi on January 14, 2014. Photo/Salaton Njau
What you need to know:
KRA on Tuesday said it collected Sh470.8 billion against a target of Sh470.2 billion for the six months to December 2013, showing that the overall performance exceeded target by Sh600 million.
Kenya Revenue Authority (KRA) exceeded its overall target for the first half of the financial year 2013/14 after it collected more tax than budgeted from customs duties and domestic taxes.
KRA on Tuesday said it collected Sh470.8 billion against a target of Sh470.2 billion for the six months to December 2013, showing that the overall performance exceeded target by Sh600 million.
The better performance was due to an increase in customs duties by 28.8 per cent and domestic taxes rising by 21.3 per cent.
KRA has a full-year target of Sh973.5 billion, which means it needs to collect at least Sh502.7 billion in the second half of the financial year.
The government is under pressure to find adequate revenues to fund promises made by the Jubilee government during the campaign period that ended after the March 4 General Election last year.
The country is also facing additional budgetary needs arising from the management of the devolved system of government as well as a surging wage bill.
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