Search
Close this search box.
advert

KRA Reports Increased Revenue Collection at JKIA

JKIA earns KRA more revenue

The Kenya Revenue Authority (KRA) Customs and Border Control Department reported a 10.12% increase in revenue collection at Jomo Kenyatta International Airport (JKIA), reaching Ksh49.063 billion, surpassing the target of Ksh46.991 billion.

advert

This growth represents an impressive 104% rate compared to the financial year 2022/2023 revenue target. The taxman attributed this revenue surge to the reopening of economies after the Covid-19 pandemic, leading to a significant increase in cargo traffic.

KRA reports increase in revenue collection at JKIA
Photo: Opportunities for Africa

Specifically, KRA collected Ksh5.388 billion from air navigation service charges, exceeding the target of Ksh4.806 billion, with a performance rate of 112%. This reflects a 31.91% revenue growth compared to the same period in the financial year 2021/2022.

Read Also: 6 Women nabbed at JKIA while smuggling Ksh 102 million cash amount

Furthermore, revenue from air passenger services at JKIA also saw remarkable growth, recording a 53.33% increase compared to the financial year 2021/2022. This surge in revenue is attributed to the rise in the number of air passengers.

According to the economic survey of 2023, the total number of passengers handled at Kenyan airports significantly increased, from 6.703 million in 2021 to 10.238 million in 2022.

This growth was driven by an 80.4% increase in international passengers and a 32.1% increase in domestic passengers. At JKIA, passenger traffic rose by 65.0%, from 3.974 million in 2021 to 6.556 million in 2022.

Subscribe to Switch TV for more content.

KRA’s revenue collection from air passenger services at JKIA amounted to Ksh11.570 billion, surpassing the target of Ksh8.037 billion, resulting in an impressive 114% performance rate.

advert
advert

Get the latest and greatest stories delivered straight to your phone. Subscribe to our Telegram channel today!

advert
Popular Post