The Kenya Revenue Authority (KRA) held a high-level roundtable with the personal sector to handle key tax-related challenges and discover options aimed toward enhancing trade competitiveness and funding development in Kenya.
The engagement which targeted on tax as an enabler of funding, offered a platform for constructive dialogue on tax administration, compliance, and insurance policies affecting companies.
In his remarks, KRA Commissioner General Mr Humphrey Wattanga reiterated KRA’s dedication to fostering a conducive trade surroundings by addressing inefficiencies in tax administration and aligning tax insurance policies with financial development methods. ‘We endeavor to improve efficiency and service delivery within the administration, and thereby provide an enabled tax environment that promotes the ease of doing business and investment in our Country,’ he stated. ‘We are actively implementing internal reforms to provide tailored compliance support to taxpayers to encourage voluntary compliance and ensure businesses thrive within Kenya’s tax framework,’ stated Mr Wattanga.
In her remarks, the Chief Executive Officer of the Kenya Private Sector Alliance Ms Carole Kariuki recommended KRA for participating in open dialogue and offering readability on varied tax considerations. She known as for continued collaboration with different strategic stakeholders to additional refine taxation insurance policies, streamline compliance mechanisms, and foster an investment-friendly local weather in Kenya.
While acknowledging a funding shortfall that had delayed the processing of refunds, KRA inspired taxpayers to make use of authorized refunds to offset tax liabilities consistent with the legislation, whilst it engages the National Treasury for added sources. KRA had additionally appointed a devoted group to scrub up taxpayer ledgers and fast-track decision of excellent points ensuing from the pre-iTax interval, urging taxpayers to assessment their ledger balances on iTax and supply suggestions for fast facilitation and changes.
KRA reaffirmed its dedication to stakeholder engagement as a core factor of its income administration technique and additional focused consultations scheduled to make sure the sleek implementation of tax reforms and administrative enhancements.
KRA encourages all taxpayers to reap the benefits of the prolonged tax amnesty program, which waives all penalties and pursuits for all durations as much as thirty first December 2023. The amnesty window will shut on thirtieth June 2025.
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