KRA collects Ksh13.2 billion excise tax from betting services
Kenya Revenue Authority (KRA) has announced it collected Ksh13.2 billion in excise duty on betting services during the financial year 2024/2025, surpassing the set target of Ksh11.3 billion.
The Kenya Revenue Authority (KRA) has announced it collected Ksh13.2 billion in excise duty on betting services during the financial year 2024/2025, surpassing the set target of Ksh11.3 billion.
In a statement on Tuesday, August 5, the authority noted that excise duty from betting services grew by Ksh2.6 billion from the last financial year.
“The Kenya Revenue Authority (KRA) has recorded an outstanding performance of 117.2% in Excise duty on betting services during the Financial Year (FY) 2024/2025, surpassing the set target of Ksh11.288 billion.
“Excise duty from betting services grew to Ksh13.233 Billion in the FY 2024/2025 from Ksh10.598 billion collected in the last financial year,” KRA stated.
The taxman attributed the performance to KRA’s Taxation at Source initiatives, specifically, the integration of betting firms’ systems to KRA’s systems, enabling real-time monitoring of transactions.
According to KRA, the integration enhanced compliance and transparency and facilitated effective collection.
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“The growth in revenue comes at a time when the nation continues to face economic pressure. According to the 2025 Economic Survey, Kenya’s economy grew by 4.7% in 2024, down from 5.7% in 2023, reflecting broader global slowdowns and local pressures on consumption and credit,” KRA stated.
This comes weeks after the authority announced it collected Ksh2.571 trillion in taxes from Kenyans in the 2024/2025 financial year.
In a statement on Thursday, July 10, KRA said it recorded a 6.8 percent revenue growth despite tough economic challenges.
“Kenyans paid Ksh2.571 trillion in taxes for FY 2024/2025. This is a remarkable 6.8% growth despite economic challenges! For three decades, you’ve been our partners in nation-building. Every contribution has shaped Kenya’s growth story,” KRA stated.
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