Sharp Daily
No Result
View All Result
Friday, May 23, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

KRA Records Growth in Custom Revenue Collected at Jomo Kenyatta International Airport

Vincent Wangu by Vincent Wangu
July 24, 2023
in News
Reading Time: 1 min read

Kenya Revenue Authority (KRA) has registered a 10.1% growth in the Customs revenue collected at the Jomo Kenyatta International Airport (JKIA) to Kshs 49.1 billion in the Financial year 2022/2023 from the Kshs 48.5 billion in FY’2021/2022. Additionally, the performance was above the target collection of Kshs 47.0 billion, representing a 104.4% target achievement.

Read more: KRA Sustains Growth in Tax Collection as Revenues Surpass the Kshs 2 Trillion Mark

The improved performance was on the back of an increase in cargo handling due to the improvement in economic activities after the COVID-19 pandemic, which led KRA to collect Kshs 5.4 billion from the air navigation service charge. This represented a 112.1% target achievement against the target collection of Kshs 4.8 billion for the FY’2022/2023.

Read more: How the KRA’s Enhanced Budget Is Planned to Benefit The Nation

RELATEDPOSTS

KRA’s VAT collection hits record high of KES 34.552 Billion in January 2025

February 18, 2025

KRA records 4.5% growth in revenue collection for 2024

January 29, 2025

Additionally, KRA was able to collect more from the air passenger service charge, collecting Kshs 11.6 billion, representing a target achievement of 114.0% against the target collection of Kshs 8.0 billion. The strong performance was due to an increase in the number of international and domestic passengers by 80.4% and 32.1%, respectively. The passenger traffic increased by 65.0% to 6.6 million passengers from 4.0 million passengers in FY’2021/2022.

Read more: KRA to Allow Used Car Importers to Defer Taxes

Going forward, KRA is expecting to increase its revenue collection by implementing initiatives such as the installation of baggage and cargo scanners to enhance faster clearance of cargo at entry and the enhancement of staff capacity at various points of entry to effectively execute the revenue collection.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Centum Issues a Profit Warning

Next Post

Meet the Founder of Clay Republic: Discussing the Ease of doing Business in Kenya

Vincent Wangu

Vincent Wangu

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Concerns grow over Kenya’s duty-free trade deal with the U.S.

May 22, 2025

Lessons from Equity Bank’s M-Pesa scandal

May 22, 2025

SACCO’s at the heart of rural financial inclusion in Kenya

May 22, 2025

Kenya’s insurance sector in 2025

May 22, 2025

Your Front Row Seat to the Great Wildebeest Migration

May 22, 2025

Senator Gloria Orwoba’s seat declared vacant

May 21, 2025

Real yields vs. nominal yields on Kenya’s government bonds

May 21, 2025

Boost employee retention and save on costs with CURBS

May 21, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024