Sharp Daily
No Result
View All Result
Saturday, August 9, 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 Unlikely To Meet Its Target

Dennis Otsieno by Dennis Otsieno
April 18, 2023
in News
Reading Time: 2 mins read
KRA's Digital Service Tax

KRA [Photo/Courtesy]

Kenya Revenue Authority is unlikely to meet its target for the year ending June 30 going by the total receipts for nine months to March.

The Statement of Actual Revenues and Net Exchequer Issues by the National Treasury for the period to March 31 shows the revenue agency has so far collected Kshs 1.39 trillion against a target of Kshs 2.1 trillion.

The revenue man is now expected to collect at least 700 billion in next three months to June 30 if it has to hit the intended collection target.

The data from the exchequer is coming just days after KRA defended its collection prowess, after hints that the government had not collected enough funds to pay civil servants.

RELATEDPOSTS

Lessons from KRA’s VAT turnaround

June 12, 2025

National treasury denies claims of KES 1.3 Trillion cash withdrawal irregularities

March 3, 2025

Read:KRA to Monitor Production of Cold Beverages

“KRA has kept pace with revenue collection compared to prior years. As at close of March 2023, revenue collection averaged 95.1 percent on the original estimate and 93.4 percent of supplementary budget,” KRA said.

It refuted claims of being poor at collection, promising to surpass the target for the year The revenue man has been betting on digitization and improved compliance from taxpayers to raise nettings from taxes.

The taxman expects to enlist a further one million persons this year to lift the number of taxpayers registered on the i-Tax system to 7.1 million as of June 2023.

In addition to the tax settings, KRA collected Kshs 13.7 billion in non-tax revenues, which present nettings from fines and other levies on taxpayers.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya’s Vintage Cars Woo World’s Richest Individuals

Next Post

Fasting- A Healthy Living

Dennis Otsieno

Dennis Otsieno

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 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