By M, KNA
The Kenya Revenue Authority (KRA) has surpassed the set performance in Excise duty collections achieving 117.2 percent on betting services during the Financial Year (FY) 2024/2025, exceeding the set target of Sh. 11.288 billion.
The taxman report showed that Excise duty from betting services reached Sh. 13.233 billion in the FY 2024/2025 pretty above the Sh 10.598 billion collected in the last financial year.
“During the period under review, Betting Tax surpassed the set target after collecting Sh. 5.70 billion against a target of Sh. 5.495 billion which translates to a performance rate of 103.7 percent and a growth of 22.0 percent,” explained Rispah Simiyu, Commissioner, Large and Medium Taxpayers in a press statement.
She noted that the performance is attributed to KRA’s Taxation at Source initiatives specifically, integration of betting firms’ systems to KRA’s systems, enabling real-time monitoring of transactions.
This, according to the Commissioner, has enhanced compliance and transparency and facilitated effective collection.
Further, Simiyu noted that the growth in revenue comes at a time when the nation continues to face economic pressure as she cited the 2025 Economic Survey which saw Kenya’s economy grow by 4.7 percent in 2024, down from 5.7 percent in 2023, reflecting broader global slowdowns and local pressures on consumption and credit.
“Despite the pressures, KRA’s total revenue collection for the FY 2024/2025 stood at Sh. 2.571 trillion reflecting a 6.8 percent growth, demonstrating resilience and the importance of strategic targeting in mobilizing revenue from emerging sectors,” stated Simiyu.
Meanwhile, she reiterated KRA’s commitment to expanding the tax base through Taxation at Source initiatives to promote fairness, efficiency and transparency in tax administration.