Serrari Group

In a strategic move, the Kenya Revenue Authority (KRA) aims to collect an additional Ksh 282 billion in revenue from large taxpayers in the current fiscal year, supported by simplified processes to enhance compliance.

KRA Commissioner-General, Humphrey Wattanga, announced the tax agency’s ambitious goal to collect Ksh 1.1 trillion from this group of taxpayers in the 2023/2024 financial year, marking a significant increase from the Ksh 818 billion collected the previous year.

During a recent press conference, Mr. Wattanga emphasized KRA’s commitment to facilitating compliance while contributing to the nation’s economic goals. He highlighted the establishment of the Large Taxpayers Office (LTO), a dedicated office to engage and partner with large taxpayers through a relationship management framework.

Large taxpayers, defined as those with an annual income exceeding Ksh 1.3 billion, currently number 2,089.

To achieve this substantial target, the KRA has implemented a personalized tax compliance system, focusing on a more tailored approach to maximize revenue collection.

This endeavor comes as the KRA faces increasing pressure to boost revenue, especially in light of the slow performance in key sectors such as manufacturing. Notably, tax collections for the first quarter of the current fiscal year saw a modest growth rate, excluding the pandemic year, despite new taxation measures introduced by the William Ruto administration.

According to Treasury data, KRA collected Ksh 514.26 billion in revenue in the three months ending in September, reflecting a 10.55 percent increase from the Ksh 465.20 billion collected in the same period the previous year, when taxes had grown by 11.60 percent.

This growth rate is the slowest seen in five years, excluding the pandemic year (2020/21) when the Treasury granted tax reliefs.

In comparison, the first quarter of the 2021/22 fiscal year saw an impressive 31.21 percent increase to Ksh 416.82 billion, primarily attributed to a low base effect from the previous year when collections had dipped by 14.68 percent due to Covid-19-related tax reliefs.

KRA’s proactive commitment to enhancing revenue collection from large taxpayers, combined with its personalized compliance systems, underscores its dedication to supporting economic growth in Kenya

Photo: KRA. Source: UGC

By: Montel Kamau
Serrari Financial Analyst
24th October, 2023

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023