Taxman says digital economy raid ramped up Kenya’s revenue collection by over 112 per cent
KRA Commissioner General explained that KRA has implemented organizational restructuring within its functional areas of revenue, technology and service to create an agile and responsive tax administration framework, strengthen the digital infrastructure for data-driven decision-making and automation, and to improve taxpayer engagement and support.
Tax agency paints rosy future of Kenya’s economic outlook after surpassing targets despite World and IMF’s gloomy forecast
Notwithstanding these challenges, KRA boss Humphrey Wattanga avers that KRA’s robust measures yielded a significant revenue collection turnaround in the second half of the financial year as revenue grew by 9.1 per cent, compared to the 4.5 per cent growth recorded in the first half of the financial year.
Controversial SHIF and SHA taxes ramps up government revenue collection to $19.9 billion
Despite collecting Ksh560.963 billion from pay-as-you-earn (PAYE) tax, a 3.3 per cent increase with a 99 per cent performance rate, KRA attributed the slower growth in this category to recent adjustments in SHIF and Housing Levy deductions, noting that the sluggish growth stemmed from taxpayers leveraging adjustment vouchers to offset their tax liabilities.
Kenyan parliament opposes tax authority’s push for unrestricted data access
The bill, however, aims to raise an extra 30 billion shillings ($233 million), mainly through boosting tax compliance. The provision is necessary to allow the KRA access to financial information belonging to businesses and individuals, to help its officials detect any tax evasion, the minister had said.
