KRA misses revenue collection target by a small margin

KRA commissioner-general John Njiraini. FILE PHOTO | NMG

Revenue collection for the financial year ended June 2017 fell short by a marginal 0.8 per cent, the taxman reported yesterday, offering some relief to the Treasury’s borrowing targets.

The Kenya Revenue Authority (KRA) said it collected a record Sh1.365 trillion in the 12 months against a target of Sh1.376 trillion set by the Treasury.

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