The Kenya Revenue Authority (KRA) has achieved a significant fiscal milestone, surpassing its annual revenue target of Sh2.56 trillion by collecting a total of Sh2.57 trillion.
This performance reflects the varied contributions of different tax heads, with direct taxes on income and consumption driving the bulk of the national budget.
PAYE (Pay As You Earn) stands as the single largest contributor to the exchequer, bringing in Sh560.95 billion.
This underscores the vital role of the formal employment sector in sustaining government operations.
Close behind are Non-Oil taxes, which accounted for Sh541.02 billion, indicating a robust performance in domestic trade and services outside the energy sector.
Consumption and corporate earnings also provided substantial cushions for the economy:
Domestic VAT contributed Sh327.34 billion. Corporation Tax followed closely at Sh304.83 billion.
Domestic Taxes (other categories) added Sh69.39 billion to the tally. Interestingly, while highly publicised, Betting taxes represent a much smaller fraction of the total revenue at Sh13.23 billion.
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