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KRA has credited improved performance over the period to the integration of technology which has led to varied changes in the last three years/FILE

Finance

Isebania One Stop Border post collects Sh201.7mn in revenue

KRA has credited improved performance over the period to the integration of technology which has led to varied changes in the last three years/FILE

NAIROBI, Kenya, Aug 25 – The Kenya Revenue Authority’s Isebania One Stop Border post collected Sh201.7 million in revenue in the 2016/2017 financial year.

In a statement, KRA says that the revenue collected has grown steadily at 19 per cent over the past three years.

KRA has credited improved performance over the period to the integration of technology which has led to varied changes in the last three years.

As such, KRA says it has noted faster clearance of goods through the Single Customs Territory (SCT) regime.

“The SCT has helped lift restrictive regulations and minimises internal border controls on goods moving across Tanzania and Kenya,” KRA said in the statement.

The Isebania post began operations in the year 2012, with the first revenue collection falling in the FY 2013/14 at Sh169 million.

“A One Stop Border Post (OSBP) is an integrated border system whose aim is to bring together all the border agencies under one roof for improved efficiencies through streamlined, coordinated and harmonized operations.”

The results come at the back of increased revenue collections, increased seizures of prohibited and restricted goods and increased information sharing between border agencies within Kenya and with Tanzania among others.

Last month, KRA missed its target by Sh50 billion collecting Sh1.365 trillion in the 2016/2017 financial year compared to the target of Sh1.415 trillion.

It, however, managed to increase its revenue collection by 13.8 percent compared to the previous year where it collected Sh1.210 trillion.

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