Tax Revenue Hits Record High

The kenya revenue authority kra has hit a new record high in the collection of tax despite the covid 19 pandemic which has seen multiple sectors of the economy shrink.

Tax revenue hits record high. The authority amassed ksh 1 607 trillion for the financial year 2019 2020 as compared to ksh 1 580 trillion collected over the same period between july 2018 and july 2019. Tax revenues for u s. Total tax collected for the 12 months to march 31 2015 climbed to an all time high of 43 4 billion according to the inland revenue authority of singapore s latest annual report. Fica tax collections climbed by less than 1.

France overtook denmark as the most taxed country in 2017 as government tax revenues in developed countries hit a record high the oecd said data which may do little to help president emmanuel. Dollars in 2019 announced the country s department of finance on friday. Ireland s total tax receipts hit a record high of 59 3 billion euros about 66 billion u s. Individual income tax revenues went up by a mere 0 3 treasury data show.

Tokyo july 2 jiji press the japanese government s general account tax revenue in fiscal 2018 hit a record high of 60 356 4 billion yen the finance ministry said tuesday. Fiscal 2016 also saw a 13 drop in corporate income taxes.