The Kenya Revenue Authority (KRA) has surpassed the KSh1 trillion mark, collecting KSh1.005 trillion as of 30th November 2024.

This milestone was reached earlier than last financial year when it was achieved on 7th December 2023.

Revenue collected in the first five months of the 2024/25 FY (July – November) grew by 4.3%, totaling KSh1.005 trillion compared to KSh963.746 billion in the same period of the previous year.

KRA reports that domestic taxes reached KSh643.790 billion between July-November 2024, reflecting a growth of 3.5% compared to KSh621.984 billion in the same period last year.

“KRA aims to collect KSh2.704 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,” the taxman says.

KRA adds: “Customs revenue has been a beacon of hope, recording over KSh70 billion monthly for four consecutive months (August-November 2024/25). July–November 2024 collections: Kshs 359.571 Billion, up 5.9% from the previous year.”