The Kenya Revenue Authority (KRA) has surpassed the Sh1 trillion mark in revenue collection as of November 30, 2024, for the 2024/25 financial year.
This marks a significant improvement compared to the previous financial year when the milestone was reached on December 7, 2023.
According to KRA, revenue collected during the first five months of the 2024/25 financial year (July–November) grew by 4.3 per cent, totalling Sh1.005 trillion compared to Sh963.746 billion in the same period last year.
The growth is attributed to better performance across all revenue streams, including domestic taxes and customs.
Between July and November 2024, domestic tax collections reached Sh643.790 billion.
This represented a 3.5 per cent increase from Sh621.984 billion recorded during the same period last year.
This growth reflects improved tax compliance measures.
The state agency aims to collect Sh2.704 trillion by the end of the financial year stating that achieving this goal is key to sustaining the nation’s economy.
“KRA aims to collect Sh2.704 trillion by the end of the financial year. With a clear upward trajectory, the Authority is confident of achieving this goal and sustaining Kenya's economy,” KRA stated.
The customs and border control have also played a significant role in KRA’s impressive performance.
It recorded monthly collections exceeding Sh70 billion for four consecutive months in the August-November 2024/2025 financial year and July-November 2024/2025 financial year.
Total customs revenue for the five months between July and November amounted to Sh359.571 billion, a 5.9 per cent increase from the previous financial year in 2023.
KRA’s achievement underscores its commitment to enhancing tax compliance and modernizing revenue collection systems.
With a clear upward trajectory in collections, the authority is on track to meet its end-of-year target and boost Kenya’s economic growth.
