{"id":6229,"date":"2023-07-15T20:33:07","date_gmt":"2023-07-15T20:33:07","guid":{"rendered":"https:\/\/involvement.co.ke\/?p=6229"},"modified":"2023-07-15T20:33:07","modified_gmt":"2023-07-15T20:33:07","slug":"kra-records-growth-in-revenue-but-misses-targets","status":"publish","type":"post","link":"https:\/\/invo.nyarango.me\/index.php\/2023\/07\/15\/kra-records-growth-in-revenue-but-misses-targets\/","title":{"rendered":"KRA RECORDS GROWTH IN REVENUE BUT MISSES TARGETS."},"content":{"rendered":"<p><em><strong>By Samuel Migele.<\/strong><\/em><\/p>\n<p>The Kenya Revenue Authority (KRA) has posted a revenue collection growth of up to Ksh 2.17 trillion in the financial year (FY) 2022\/2023. This is a 6.7% growth from the FY 2021\/2022 where the taxman posted 2.031 in revenue collection, a 135 billion Kenyan shillings surpass from the previous financial year.<\/p>\n<p>However, the taxman has missed the revenue target for this financial year ended June by a stunning 107 billion Kenyan shillings, recording a 95.3% revenue performance uptake. The taxman has over the years missed revenue targets and is under more pressure from President William Ruto to collect Ksh. 2.57 trillion in the FY 2023\/2024 by sealing revenue leaks and widening the tax base. It is yet to be seen again if this will be achieved with the finance act facing legal hurdles.<\/p>\n<p>Acting Commissioner General Madam Rispah Simiyu emphasized the influence of the current economic circumstances in tax administration in her remarks following the release of the revenue results report.<\/p>\n<p>\u201cThe revenue performance reflect the prevailing economic indicators, especially the projected GDP growth of 5.8 percent in the financial year 2022\/2023 (Budget Policy Statement 2023.), compared to a growth of 6.5 percent in financial year 2021\/2022.\u201d Madam Rispah Simiyu said.<\/p>\n<p>The taxman also confirmed that Ksh 6.3 million Kenyans filed their returns for the year 2022 and that it had collected Ksh 136.4 billion on behalf of government agencies, representing a 3.7% from the previous financial year. Inflation rate passed the forecast rate to 8.7% up from 6.2%.<\/p>\n<p>Revenue growth has steadily increased over the last five years but meeting the target has proved over-ambitious for the Times Towers chaps.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Samuel Migele. The Kenya Revenue Authority (KRA) has posted a revenue collection growth of up to Ksh 2.17 trillion in the financial year (FY) 2022\/2023. This is a 6.7% growth from the FY 2021\/2022 where the taxman posted 2.031 in revenue collection, a 135 billion Kenyan shillings surpass from the previous financial year. However, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[250,16],"tags":[],"class_list":["post-6229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commentaries","category-news"],"_links":{"self":[{"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/posts\/6229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/comments?post=6229"}],"version-history":[{"count":0,"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/posts\/6229\/revisions"}],"wp:attachment":[{"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/media?parent=6229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/categories?post=6229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invo.nyarango.me\/index.php\/wp-json\/wp\/v2\/tags?post=6229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}