Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Kenya. The stories here come from users.

Latest Badges:

Increase in VAT collection boosts KRA performance

15 July 2014, 17:33 Victor Tinto

Nairobi - Increase in Value Added Tax VAT collections has brought the increase in revenues collected by the taxman Kenya Revenue Authority.

KRA exceeded its tax-collection target, KES 963.7 billion in the year ended June.

Commissioner General John Njiriaini said Tuesday that the growth was helped growth in revenue from customs duties and large and medium-size taxpayers.

" We saw a double digit growth in customs duties and companies thanks in large part to VAT, he said.

The agency said it collected a total of KES 963.8 billion which is KES 100 million more than the previous year.

It was also a good performance by the taxman considering the revised lower target that was informed by a weaker GDP outlook.

Njiriaini though says that there is more work to be done in the coming year thanks to increased expectations by government.

" Treasury has set a target of KES 1.1 trillion for this fiscal year, so it will be a tougher ask for us but we are ready, he said.

The overall budget stands at KES 1.7 trillion.

Njiriani says that the new target will be 16.4 per cent higher than what has been expected of them in the 12 months ended June, with improved compliance to tax payments by Kenyans needed to achieve the target.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
DP Ruto accuses Raila of selling ...

DP Wiliam Ruto has castigated Raila Odinga for seeking western support to fund his 2017 election bid. Read more...

Submitted by
William Korir
Peter Kenneth announces Uhuru 201...

Peter Kenneth has announced that he will support President Uhuru Kenyatta in the 2017 elections. Read more...

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...