Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
FILE

Kenya

KRA Beats Slow Economic Progression to Collect a Record Sh144.6bn in March

NAIROBI, Kenya, Apr 3 – Kenya Revenue Authority (KRA) has recorded the highest revenue performance rate since the beginning of the Financial Year 2020/2021 after collecting Sh144.6 billion in March 2021 surpassing the revenue target.

This is improved performance compared to the month of February when KRA collected Sh127.7 billion, registering a performance rate of 105.1 percent to surpass its February revenue collection target.

Despite the slow economic progression, KRA registered 11.2 percent revenue growth collecting a surplus of Sh6.6 billion in March 2021.

This was the fourth month running that KRA posted an improved and above target performance since December 2020.

The Authority says the good revenue performance has been enhanced by the sustained implementation of compliance efforts, revenue enhancement initiatives and improved service delivery to taxpayers.

In the fourth month running, Customs & Border Control Department continued to record improved performance after achieving a growth of 47.3 percent with a revenue collection of Sh60.751 billion, the second highest monthly collection in its history.

MORE TO FOLLOW.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...