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.
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“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.
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