Revenue Definition In Kenya
This is a type of payment that kra collects on behalf of various revenue collection agencies in kenya.
Revenue definition in kenya. Government revenues are part of government budget balance calculation. Stamp duty is a tax charged on transfer of properties shares and stock. This process of sharing revenue between the national and county. The cabinet secretary for finance is expected to submit to the national assembly the estimates of government revenue and expenditure for the next financial year two months before the end of the each financial year.
Betting and pool tax. The budget is read in june because kenya fiscal year begins on 1st july and ends on 30th june of the following year. Revenue statistics oecd countries. Chapter 4 countries tax revenue and of gdp by level of government and main taxes.
The two types of agency revenue include. Therefore the division of revenue is the sharing of tax revenue raised nationally between the two levels of government. Comparative tables oecd countries. Details of public revenues kenya customise.
Kenya government revenues government revenues refer to all receipts the government gets including taxes custom duties revenue from state owned enterprises capital revenues and foreign aid. It is collected by the ministry of lands which has seconded the function to kenya revenue authority kra. Compare government revenues by country.