Silverio Omari
The Kenya Revenue Authority (KRA) has achieved a significant milestone, surpassing the Sh1 trillion mark in revenue collection as of November 30, 2024, for the 2024/25 financial year. This marks an improvement from the previous year, where the milestone was reached on December 7, 2023.
Revenue collected during the first five months of the 2024/25 financial year (July–November) totalled Sh1.005 trillion, reflecting a 4.3 per cent increase from the Sh963.746 billion collected during the same period in 2023. This growth was driven by improved performance across all revenue streams, including domestic taxes and customs.
Domestic tax collections between July and November 2024 reached Sh643.790 billion, up 3.5 per cent from Sh621.984 billion recorded in the previous year. This growth highlights the success of enhanced tax compliance measures.
KRA aims to collect Sh2.704 trillion by the end of the financial year, emphasizing that meeting this target is vital for sustaining the country’s economy. “With a clear upward trajectory, the Authority is confident of achieving this goal and contributing to Kenya’s economic growth,” the agency stated.
Customs and border control have also significantly contributed to the impressive performance. Monthly customs collections consistently exceeded Sh70 billion for four consecutive months between August and November 2024. Total customs revenue for the five-month period amounted to Sh359.571 billion, marking a 5.9 per cent increase from the previous year.
KRA’s achievements underscore its commitment to enhancing tax compliance and modernizing revenue collection systems. With continued growth, the Authority is well-positioned to meet its end-of-year target and further bolster Kenya’s economic stability.
Dj Vnyash
