Editorial Desk 
- ๐ฒ๐น๐จ ๐ฏ๐๐๐ ๐ถ๐๐ ๐ป๐๐๐๐๐๐๐ ๐ด๐๐๐, ๐น๐๐๐๐๐
๐ ๐.๐% ๐ฎ๐๐๐๐๐ ๐๐ ๐น๐๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐๐๐Kenya Revenue Authority (KRA) has achieved a significant milestone by collecting Kshs 1.005 Trillion as of 30th November 2024! This marks a 4.3% growth in revenue compared to the same period last financial year, demonstrating consistent upward momentum in revenue mobilization.
Key Highlights:
๐น Revenue collection (JulyโNovember 2024/25): Kshs 1,005.183 Billion
๐น Customs revenue (JulyโNovember 2024): Kshs 359.571 Billion (+5.9%)
๐น Domestic taxes (JulyโNovember 2024): Kshs 643.790 Billion (+3.5%)
Despite economic challenges such as low domestic demand (PMI averaging 48.94) and modest import value growth (1.0%), KRA continues to demonstrate resilience and innovation in revenue collection.
With a target of Kshs 2.704 Trillion for FY 2024/25, KRA is confident in sustaining Kenyaโs economy by achieving its objectives and adapting to evolving economic dynamics.
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.
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.
In July ,2024 KRAย Records Kshs. 240 Billion Growth in Revenue Collection. Despite a challenging economic environment, KRA collected Kshs. 2.407 Trillion for the Financial Year 2023/2024, compared to Kshs. 2.166 Trillion last year. which represented a growth of 11.1% and a performance rate of 95.5%.
Customs and Domestic Taxes Performance
During the financial year, Domestic Taxes registered a revenue growth ofย 14.4%ย after collectingย Kshs. 1.611 Trillionย against a target ofย Kshs. 1.677 Trillion.ย This translates to a performance rate ofย 96.1%.
Customs Revenue recorded a performance rate ofย 94.6%ย with a collection ofย Kshs. 791.368 Billion. This translates to a revenue growth ofย 4.9%,ย compared to the same period inย FY 2022/2023.
Despite overall import values increasing byย 11.7%,ย oil and non-oil taxes performance were in part affected by growth in exemption and remissions, which grew byย 23.8%, driven by special exemptions accorded to some food commodities. These products account forย 40.8%ย of exemptions accorded in the FY 2022/2023.
The special exemptions were part of the governmentโs strategies to mitigate against adverse effects of drought and reduce the cost of living. Further, there was low consumption of petroleum products in the country, especially diesel and petrol, which was in part exacerbated by high retail prices for the better part of the year in focus.
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