{"id":105492,"date":"2023-10-24T21:31:28","date_gmt":"2023-10-24T21:31:28","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more"},"modified":"2023-10-24T21:44:29","modified_gmt":"2023-10-24T21:44:29","slug":"kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more","title":{"rendered":"KRA’s Q1 collection up by 8.4% after raising Sh45.3bn more"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The Kenya Revenue Authority has recorded a revenue collection growth of 8.4 per cent in the first quarter of the FY 2023\/2024.<\/p>\n

This comes after KRA collected Sh586.9 billion in the period July-Sept 2023 compared to a collection of Sh541.6 billion during the same period last year<\/p>\n

KRA in a statement said the revenue collection is attributed to the implementation of various strategies implemented by KRA including.<\/p>\n

“The strategies include the real-time collection of taxes that have seen withholding tax and excise duty from betting and gaming companies grow by 67 per cent compared to last financial year,” he said.<\/p>\n

According to KRA, the rolling out of the tax amnesty programme has also enhanced collection after it collected Sh3.4 billion since September 1, 2023.<\/p>\n

KRA also attributed the good performance to the implementation of eTims.<\/p>\n

The authority said the monthly average collection of VAT before eTIMS stood at Sh21 billion.<\/p>\n

KRA currently, after eTIMS, collects Sh26 billion (23.8 per cent growth) on a monthly basis and is expected to collect Sh312 billion by the end of FY 2023\/2023.<\/p>\n

KRA targets to collect Sh2.768 trillion by the end of the Financial Year 2023\/2024 and surpass the Sh3 trillion mark by the Financial Year 2024\/2025.<\/p>\n

Appearing before a Parliamentary committee on Tuesday, KRA Commissioner General Humphrey Watanga said they are committed to achieving the targets.<\/p>\n

He said if the required financial resources are availed to them, they will strive to ensure they get close to the target.<\/p>\n

“We strive very hard to achieve these aggressive revenue targets. We are indeed committed to pushing very hard against these targets,” Watanga said.<\/p>\n

“We believe with the resources we need, if availed to us in a timely fashion, with leveraging and application of technology, we believe we will get very close to achieving these targets.”<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The Kenya Revenue Authority has recorded a revenue collection growth of 8.4 per cent in the first quarter of the FY 2023\/2024. This comes after KRA collected Sh586.9 billion in the period July-Sept 2023 compared to a collection of Sh541.6 billion during the same period last year KRA in a statement said […]<\/p>\n","protected":false},"author":84,"featured_media":105491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[6857,7003,544],"class_list":["post-105492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nKRA's Q1 collection up by 8.4% after raising Sh45.3bn more - kenya<\/title>\n<meta name=\"description\" content=\"The Kenya Revenue Authority has recorded a revenue collection growth of 8.4 per cent in the first quarter of the FY 2023 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KRA's Q1 collection up by 8.4% after raising Sh45.3bn more\" \/>\n<meta property=\"og:description\" content=\"The Kenya Revenue Authority has recorded a revenue collection growth of 8.4 per cent in the first quarter of the FY 2023 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-24T21:31:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-24T21:44:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/10\/sm_1698171219.633868.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"888\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KRA’s Q1 collection up by 8.4% after raising Sh45.3bn more\",\"datePublished\":\"2023-10-24T21:31:28+00:00\",\"dateModified\":\"2023-10-24T21:44:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more\"},\"wordCount\":313,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/10\/sm_1698171219.633868.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kras-q1-collection-up-by-8-4-after-raising-sh45-3bn-more\",\"name\":\"KRA's Q1 collection up by 8.4% after raising Sh45.3bn more - 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