The Kenya Revenue Authority (KRA) has surpassed the revenue target for the Housing Levy Funds, having collected Ksh73.2 billion in the 2024/2025 fiscal year.
The overperformance reflects improved compliance by employed Kenyans, despite concerns over the statutory deductions, which have faced several legal and political challenges in recent years.
According to KRA, it exceeded the target by Ksh10 billion, having projected an estimated collection of Ksh63.2 billion from taxpayers during the last financial year.
The report shows that the deductions, made monthly at a rate of 1.5 per cent of gross salary, amounted to 115 per cent of the set target.
