KRA Surpasses It First-Quarter Revenue Collection Target

[Sinister]

NAIROBI, Kenya, Nov 23 – Kenya Revenue Authority surpassed its first-quarter revenue collection target by Sh36 billion after it collected Sh426.3 billion between July 1 and October 30.

In a gazette notice, the National Treasury revealed the 9.2 percent rise in taxes collected, up from a target of Sh390 billion.

On a monthly basis, the ordinary revenue collection attained Sh115.7 billion, which included Sh108.7 billion in tax revenue and Sh7billion in non-tax revenue.

This was lower than the average Sh114.2billion notched in the hitherto three months of the fiscal year.

The cumulative tax receipts at the end of the review month represented a shortfall of Sh 96.2 billion.

Domestic borrowing hit Sh264.8billion at the end of the review month.

Value-added tax was hit hard, registering a 30.8 percent decline in the period to reach Sh41.2 billion.

At the same time, KRA also witnessed a growth in corporation taxes which in the period hit Sh79.7 billion.

The treasury also revealed that it sent Sh664.3 billion to the national government with counties also have so far received Sh78.43 billion in the period under review.

KRA is targeting to collect Sh.1.633 trillion in the year to June to include Sh1.567 trillion in pure tax revenues.

 

[Kafrican]

Hii inaonyesha jinsi vile serekali ilikua ikopoteza kodi za watu kupitia rushwa na uibaji wa fedha...

Kuna maafisa 75 wakuu wa KRA walishikwa na kushtakiwa


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DCI arrests 41 KRA employees for aiding tax evasion

NAIROBI, Kenya, May 10- Directorate of Criminal Investigations detective have nabbed 41 suspects part of the 75 officials interdicted by the Kenya Revenue - Kenya breaking news | Kenya news today | Capitalfm.co.ke

www.capitalfm.co.ke

“More arrest and recovery are anticipated,” the DCI told Capital FM News.
The seventy-five employees are said to have been aiding and abetting evasion of taxes by facilitating irregular clearance of cargo and executing fraudulent amendments of tax returns.
Among those interdicted are sixty-one officers from the Domestic Taxes Department, the other fourteen being officials attached to the Customs and Border Control Department.
KRA said it had since established an Intelligence and Strategic Operations Department with the sole mandate of combating tax evasion through promotion of ethics within the organization.
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Alafu miezi kadhaa baada ya maafisa hao kuondolewa, KRA inaokota Ksh 36 Billion zaidi ukilinganisha na Q1 ya mwaka uliopita.. Tena kumbuka huu ni wakati wa janga la corona ambapo uchumi umesambaratika... Hii inamaanisha tunapoteza karibia Ksh 100 Billion ya kodi kabla corona kwa hawa waizi ndani ya serekali!

 

[MK254]

Poa sana, sasa zitumike kwa busara muone tutakavyotoka, tutaongoza ukanda huu hadi mwisho wa dunia kama upo.

 

[Don YF]

View attachment 1632946

NAIROBI, Kenya, Nov 23 – Kenya Revenue Authority surpassed its first-quarter revenue collection target by Sh36 billion after it collected Sh426.3 billion between July 1 and October 30.

In a gazette notice, the National Treasury revealed the 9.2 percent rise in taxes collected, up from a target of Sh390 billion.

On a monthly basis, the ordinary revenue collection attained Sh115.7 billion, which included Sh108.7 billion in tax revenue and Sh7billion in non-tax revenue.

This was lower than the average Sh114.2billion notched in the hitherto three months of the fiscal year.

The cumulative tax receipts at the end of the review month represented a shortfall of Sh 96.2 billion.

Domestic borrowing hit Sh264.8billion at the end of the review month.

Value-added tax was hit hard, registering a 30.8 percent decline in the period to reach Sh41.2 billion.

At the same time, KRA also witnessed a growth in corporation taxes which in the period hit Sh79.7 billion.

The treasury also revealed that it sent Sh664.3 billion to the national government with counties also have so far received Sh78.43 billion in the period under review.

KRA is targeting to collect Sh.1.633 trillion in the year to June to include Sh1.567 trillion in pure tax revenues.

Uchumi wa "kwenye makaratasi" indeed! despite covid!

 

[Don YF]

Poa sana, sasa zitumike kwa busara muone tutakavyotoka, tutaongoza ukanda huu hadi mwisho wa dunia kama upo.

That is guaranteed! Nimepiga darubini, hilo limeandikwa. Kenya is unique.