From October to January, 2018-19 fiscal year, Internal Revenue Department (IRD) collected total tax revenues of Ks 1774.591 billion, accounting for 28.62 per cent of the proposed tax revenues.
The total tax revenues are expected to reach Ks over 6,586 billion in 2018-19 fiscal year. The tax revenues collected during four months cover 389.701 billion by the State-owned sector, Ks 0.759 billion by cooperative sector and Ks 1384.131 billion by the private sector.
The income tax amounts to Ks 772.288 billion, the commercial tax at Ks 587.889 billion, the special good tax at Ks 356.332 billion, the stamp tax at Ks19.963 billion and the State lottery tax at 38.119 billion.
From October, 2018 to September, 2019 of 2018-19 fiscal year, the total tax revenue was projected to hit Ks 7575.934 billion—the income tax of Ks2324.816 billion, the commercial tax of Ks 2122.838 billion, the special good tax of Ks 1391.459 billion, the stamp tax of Ks74.636 billion, the lottery tax of Ks142.781 billion, according to the IRD.
The IRD collected the tax revenue of Ks1,683 billion in 2011-12 FY, Ks3,373 billion in 2012-13 FY, Ks4,459 billion in 2013-14 FY, Ks6,518 billion in 2014-15 FY, Ks 6315 billion in 2015-16 FY, Ks 7122 billion in 2016-17 FY, Ks 7423 billion in 2017-18 FY and Ks 2792 billion from April to September 2018.
The tax revenue to GDP ratio was 3.63 per cent in 2011-12 FY, 6.5 per cent in 2012-13 FY, 7.69 per cent in 2013-14 FY, 9,84 per cent in 2014-15 FY, 8.61 per cent in 2015-16 FY, 8.93 per cent in 2016-17 FY, 8.21 per cent in 2017-18 FY and 8.49 per cent from April to September, 2018.
