Kenya Revenue Authority logo. [Photo/Daily post]
The Kenya revenue authority (KRA) has defied the prolonged political anxiety to post a 9.8 percent increase in tax collection between July to September.
According to the official report published on Thursday by the taxman, a total of Ksh 317.4 billion was collected between July to September signaling an increase of Ksh 28 billion compared to Ksh 257.92 billion collected last year in the same period.
The rate of the growth in the collection has however fallen as compared to the 12 percent growth experienced last year when the tax leaped from Sh 257.92 billion in 2015/16 to Ksh 289.03 billion in 2016/2017 fiscal year.
The data also showed that government departments that are expected to rise Ksh 49.9 billion by the end of 2017/18 financial year managed to raise Ksh 3.51 billion between July to September.
KRA also noted in the report that they failed to meet their quarterly target towards the treasury set target of Ksh 1.499 trillion by next year June.
The country has been grappling with the long political jitter that has seen a prolonged electioneering period and protests which have resulted to a slow economic growth with the manufacturers association of Kenya planning to shed off their workforce by half.
Retailers and various companies that contribute large sums of taxes to the state have also complained of high loses attributed to the political situation in the country.