Kenya Revenue Authority (KRA) tax collections for the year ended June 30 were Ksh.354.1 billion off their original target as the tax man again missed the mark in expected revenue mobilisation.

According to an analysis of the National Treasury statements on actual revenues and net exchequer issues, actual tax receipts stood at Ksh.1.453 trillion against an original estimate of Ksh.1.807 trillion.

The annual collections were however only Ksh.12.7 billion shy of revised estimates of Ksh.1.466 trillion- the latest revision in a series of adjustments carried out through the just ended fiscal year. Read more