The Kenya Revenue Authority (KRA) has achieved a major milestone, collecting over Sh1 trillion in revenue by November 30, 2024, during the 2024/25 financial year. This accomplishment highlights a significant improvement, as the same milestone was reached a week later on December 7 in the previous financial year.
Revenue collection for the first five months of the 2024/25 financial year (July–November) grew by 4.3%, totaling Sh1.005 trillion compared to Sh963.746 billion during the same period last year. This growth is attributed to robust performance across all revenue streams, particularly in domestic taxes and customs, driven by enhanced tax compliance measures.
Domestic tax collections reached Sh643.790 billion during this period, reflecting a 3.5% increase from Sh621.984 billion in the same timeframe last year. Customs and border control revenues also surged, with total collections for July–November amounting to Sh359.571 billion—a 5.9% year-on-year increase. Notably, monthly customs collections consistently exceeded Sh70 billion for four consecutive months between August and November 2024.
KRA aims to achieve a total revenue target of Sh2.704 trillion by the end of the financial year, emphasizing that reaching this goal is essential to sustaining Kenya’s economic growth.
“With a clear upward trajectory, the Authority is confident in achieving its Sh2.704 trillion target and bolstering Kenya’s economy,” a KRA spokesperson stated.
This milestone underscores KRA’s commitment to improving tax compliance, modernizing revenue collection systems, and contributing to Kenya’s economic resilience.
