The Kenya Revenue Authority (KRA) surpassed its monthly revenue targets by Kes 6.8 billion in October, marking the first time since December 2021.

KRA’s overall revenue collection achieved a performance rate of 103.3 percent.

Exchequer revenue alone outperformed its target by Sh243 million, with a performance rate of 100.1 percent.

Further, the Domestic Tax Department (DTB) exceeded expectations, collecting Kes 5.97 billion above the target with a performance rate of 104.6 percent.

 Key contributors to this growth included Kes 2.59 billion in withholding tax, Kes 16 million in betting tax, Kes 50 million in excise duty on betting services, and agency revenue Kes 1.86 billion.

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Oil taxes were another strong performer, surpassing targets by Kes 3.82 billion, translating to a performance rate of 114.3 percent.

Specific oil-related revenues exceeded expectations: RML by Kes 4.29 billion, excise on oil by Kes 198 million, PRL by es 187 million, and RDL oil by Kes 92 million.

KRA attributed the robust oil tax revenue to a 30.7 percent increase in overall oil volumes, spurred by growth in petrol (62.3 percent), diesel (4.2 percent), and other oil categories (46.1 percent).

The higher collection was also driven by an increased fuel levy from Kes 18 to Kes 25 per liter under the Road Maintenance Levy Fund effective July 2024.