KRA misses revenue target by Sh163bn in six months

Times Tower in Nairobi, the headquarters of Kenya Revenue Authority.  

Photo credit: File | Dennis Onsongo | Nation Media Group

The Kenya Revenue Authority (KRA) missed the tax collection target in the first half ended December by Sh163.46 billion, highlighting the impact of the rejection of the Finance Bill, 2024.

Disclosures in the Kenya Gazette show that KRA raised Sh1.07 trillion in the period, which was below the Sh1.23 trillion that the taxman needed to collect, in order to stay on track of meeting the Sh2.47 trillion targeted for the full financial year ending June 2025.

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Note: The results are not exact but very close to the actual.