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HomeAfricaKenyan tax revenue jumps 19% over robust economic growth

Kenyan tax revenue jumps 19% over robust economic growth

Kenya’s tax revenue rose by 18.8 per cent over the previous financial year to Ksh 634 billion (US$ 7.2 billion) between June 2010 and June 2011, the country’s top tax officer said Tuesday.

Commissioner General of the Kenya Revenue Authority (KRA), Michael Waweru, said that in 2009 tax collected was Ksh 534.9 billion.

Waweru said the tax collection projected for 2011 was likely to drop in the coming months due to poor economic growth projections.

The increased revenue collection was a result of the recruitment of more taxpayers during the year.

No fewer than 200,000 more Kenyans joined the tax collection bracket during the year and this boosted the domestic revenues by 32 per cent.

“We collected revenues above our target of Ksh630 billion. This is a 4.2 per cent revenue surplus compared with the last year’s revenue,” Waweru told a news conference

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