VAT collections exceed target by Sh6 billion

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

Photo credit: File | Dennis Onsongo | Nation Media Group

Tax collections from goods and services purchased locally have surpassed the goal the Treasury set for the first time in seven years on the requirement that all businesses issue electronic receipts.

The Kenya Revenue Authority (KRA) received Sh313.37 billion in domestic value-added tax (VAT) for the year ended June 2024, Treasury data shows, making it the only tax vote to have overshot the target in the review period.

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