[Jonah Onyango, Standard]Kenya Revenue Authority (KRA) surpassed its revenue target for the year ended June 30, 2021, after collecting Sh1.669 trillion despite the economic slump resulting from the Covid-19 pandemic. The set target in the Budget Policy Statement stood at Sh1.652 trillion, meaning the taxman raised Sh16.81 million more. It is the first time in eight years that the taxman has surpassed its revenue target, the last being in the 2013-14 financial year. “This represents a performance rate of 101 per cent and revenue growth of 3.9 per cent compared to last financial year,” said KRA Commissioner General Githii Mburu in a statement. [Jonah Onyango, Standard]Customs and Border Control collected Sh624.77 billion, surpassing its target of Sh606 billion by Sh18 billion.

Source: Standard Digital July 03, 2021 21:00 UTC