Nine-month taxes trail target by Sh336bn despite IMF reforms

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

Photo credit: File | Dennis Onsongo | Nation Media Group

Kenya’s tax receipts for nine months of this financial year ending June trailed the target by more than Sh300 billion on a prorated basis despite growing by a double-digit rate, pointing to an ambitious goal under painful IMF-backed economic reforms.

The Kenya Revenue Authority (KRA) collected nearly Sh1.54 trillion in the review period through March 2024, data Treasury Secretary Njuguna Ndung’u published shows.

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