KRA commissioner-general John Njiraini (left) and Pancracious Nyaga,
large taxpayers commissioner, during a press briefing on revenue
performance for the first quarter of 2013/14 at Times Towers in Nairobi
on October 7, 2013. Photo/FILE
Nation Media Group
By BD Reporter
In Summary
- KRA on Tuesday said it collected Sh470.8 billion against a target of Sh470.2 billion for the six months to December 2013, showing that the overall performance exceeded target by Sh600 million.
Kenya Revenue Authority (KRA)
exceeded its overall target for the first half of the financial year
2013/14 after it collect more tax than budgeted from customs duties and
domestic taxes.
KRA on Tuesday said it collected
Sh470.8 billion against a target of Sh470.2 billion for the six months
to December 2013, showing that the overall performance exceeded target
by Sh600 million.
The better performance was due to an increase in customs duties by 28.8 per cent and domestic taxes rising by 21.3 per cent
.
KRA has a full-year target of
Sh973.5 billion, which means it needs to collect at least Sh502.7
billion in the second half of the financial year.
The government is under pressure
to find adequate revenues to fund promises made by the Jubilee
government during the campaign period that ended after the March 4
General Election last year.
The country is also facing
additional budgetary needs arising from the management of the devolved
system of government as well as a surging wage bill.
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