KRA (Kenya Revenue Authority) collected Kshs 1.005 trillion by November 30, 2024, marking a 4.3% growth compared to the Kshs.963.746 billion collected in the same period last year.
Despite challenging economic conditions, including a slowed Purchasing Managers Index averaging 48.94 points and modest 1.0% growth in import values, Customs revenue has maintained strong performance with monthly collections exceeding Kshs 70 billion for four consecutive months.
ALSO READ: Dusit Princess Hotel Residences Nairobi Welcomes Festive Season with Grand Tree Lighting Event
The revenue collection shows mixed performance across sectors, with Customs revenue growing 5.9% to reach Kshs 359.571 billion and domestic taxes increasing 3.5% to Kshs 643.790 billion compared to the previous year.
KRA aims to collect Kshs 2.704 trillion by the end of the Financial Year 2024/2025,
though challenges persist, including reduced domestic demand and government austerity measures affecting VATable goods consumption.
President William Ruto has announced a KSh 80 million financial injection targeting informal sector artisans…
The High Court in Nairobi has found former Migori Governor Okoth Obado and two co-accused…
The High Court in Nairobi on Thursday delivered its verdict in the high-profile murder trial…
Lawyers across Kenya launched a nationwide boycott of court proceedings on Wednesday to protest systemic…
Spiro, Africa's leading electric mobility company, has published its inaugural Sustainability Report. The publication provides…
The Communications Authority of Kenya (CA) has introduced new regulatory requirements for the importation and…