The Kenya Revenue Authority (KRA) announced its revenue collection performance for the first half of the year 2012/2013, collecting over KES 380 billion between July-December 2012 compared to KES 338 billion the previous year. This represents a 12.6% increment. Viewing this from a quarterly prism as well, KRA will have achieved a 14.4% growth in revenue collection during the second quarter of 2012/2013. During that period KES 202.8 billion compared to KES 177.2 billion during the same period of the previous financial year.
The amount collected in the first six months of the year is equivalent to 41.8% cent of the full-year target of KES 817.5 billion.
KRA missed its target during the first quarter of the year by KES 45 billion netting only KES 165.7 billion. This translates to 21% collection below target. The first half period of the KRA financial calendar runs from July to December.