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  • Annual Revenue Performance Fy 2022 2023 1372023 Final Version

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    KRA sustained revenue growth of 6.7% in FY 2022/2023, collecting KShs. 2.166 trillion compared to KShs. 2.031 trillion the previous year. Revenue has progressively increased over the past 5 years. Domestic taxes grew by 8.5% to KShs. 1.407 trillion while customs taxes increased by 3.5% to KShs. 754.090 billion. Key tax heads like excise on betting (30% growth), domestic VAT (11.3% growth), and corporation tax (9% growth) all increased substantially. KRA also collected KShs. 5.328 billion from the growing digital economy, more than double the

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    KRA sustained revenue growth of 6.7% in FY 2022/2023, collecting KShs. 2.166 trillion compared to KShs. 2.031 trillion the previous year. Revenue has progressively increased over the past 5 years. Domestic taxes grew by 8.5% to KShs. 1.407 trillion while customs taxes increased by 3.5% to KShs. 754.090 billion. Key tax heads like excise on betting (30% growth), domestic VAT (11.3% growth), and corporation tax (9% growth) all increased substantially. KRA also collected KShs. 5.328 billion from the growing digital economy, more than double the

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    6 views1 page

    Annual Revenue Performance Fy 2022 2023 1372023 Final Version

    Uploaded by

    ALBERT
    KRA sustained revenue growth of 6.7% in FY 2022/2023, collecting KShs. 2.166 trillion compared to KShs. 2.031 trillion the previous year. Revenue has progressively increased over the past 5 years. Domestic taxes grew by 8.5% to KShs. 1.407 trillion while customs taxes increased by 3.5% to KShs. 754.090 billion. Key tax heads like excise on betting (30% growth), domestic VAT (11.3% growth), and corporation tax (9% growth) all increased substantially. KRA also collected KShs. 5.328 billion from the growing digital economy, more than double the

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    of 1

    ANNUAL REVENUE PERFORMANCE FY 2022/2023

    KRA sustains revenue growth despite economic shocks KShs.2.166 Trillion


    KRA maintained an upward trajectory in revenue collection KShs.2.031 Trillion

    FY 2022/23
    recording a 6.7% growth in the financial year 2022/2023. Revenue
    KShs.1.669 Trillion
    collection has progressively increased in the last 5 years.

    FY 2021/22
    KShs.1.607 Trillion

    FY 2020/21
    FY 2019/20
    KShs.1.580 Trillion

    FY 2018/19
    5-YEAR REVENUE GROWTH
    KShs. 586.259 Billion

    Domestic Taxes Customs Taxes Exchequer Revenue Agency Fees

    KShs. 1.407 Trillion KShs. 754.090 Billion KShs. 2.030 Trillion KShs. 136.390 Billion
    Reflecting a growth Reflecting a growth rate of Reflecting a growth rate of Reflecting a growth rate of

    rate of 8.5 % 3.5 % 6.9 % 3.7 %

    PERFORMANCE OF KEY TAX HEADS

    KShs 6.640 Bn KShs 272.452 Bn KShs 263.819 Bn KShs 494.979 Bn KShs 68.124 Bn KShs 129.987 Bn
    EXCISE ON BETTING DOMESTIC VAT CORPORATION TAX PAYE DOMESTIC EXCISE IMPORT DUTY
    Grew by 30% with a Grew by 11.3% Grew by 9.0 % Grew by 7.2% Grew by 2.8% Grew by 9.4%
    performance rate of 116.2%

    Debt Collection Initiatives


    Customer Support Programmes Taxation of Digital Economy • Enhanced revenue collection from debt
    • Tax education and awareness; Stakeholder • KRA collected a total of KShs 5.328 Billion programmes on non-compliant taxpayers.
    engagements and roundtables; Customer from the digital economy registering a growth
    visits to appreciate compliant taxpayers. of 207.9% compared to the same period in Dispute Resolution Framework
    financial year 2021/2022. • Enhanced revenue collection from Litigation,
    Tax Base Expansion Alternative Dispute Resolution (ADR) and Tax
    • Recruitment of landlords under the Monthly Tax at Source Appeals Tribunal (TAT).
    Rental Income (MRI) obligation, Block • Etims - Initiatives under this programme are
    Management System (BMS) to map out Technology
    eTIMS and integration of betting and gaming
    potential taxpayer. • Leverage on technology systems such as iCMS,
    companies.
    • Recruited 940,483 additional active taxpayers. iTax, RECTS, Smart Gates, Data Warehouse and
    Business Intelligence.

    www.kra.go.ke

    Disclaimer: KRA notifies taxpayers that it will not accept responsibility for payments not received, credited and validated in the relevant KRA accounts. Corruption Reporting: +254 (0726) 984 668, Email: corruptionreporting@kra.go.ke. Short Messaging Services (SMS): Dial (*572#) or Text to 22572. Contact Centre: +254 (020) 4 999 999, +254 (0711) 099 999, Email: callcentre@kra.go.ke. Complaints &
    Information Center Hotlines: +254 709 017 700 / 800, Email: cic@kra.go.ke

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