The Kenyan business landscape is set for a positive shift as the Kenya Revenue Authority (KRA) and the Kenya National Chamber of Commerce and Industry (KNCCI) announced a strategic collaboration.

This partnership aims to empower Micro, Small, and Medium-sized Enterprises (MSMEs) by fostering tax compliance and promoting sustainable business practices.

A cornerstone of this collaboration will be the rollout of joint tax education initiatives for MSMEs.

These initiatives will include the establishment of convenient tax clinics across the country, bringing tax services directly to the doorsteps of MSMEs.

This move eliminates geographical barriers and simplifies access to crucial tax information and assistance.

Read More

  1. KRA announces changes to PAYE computation under amended tax laws
  2. Kenya’s debt soars to Sh10.8 trillion as pressure on finances mounts
  3. MPs reject proposal to centralise KRA deputy commissioners’ appointments

Furthermore, the partnership extends to tackling the issue of illicit trade.

KNCCI will spearhead awareness campaigns among its members, highlighting the dangers of smuggling and its detrimental impact on the Kenyan economy.

This collaborative approach aims to create a business environment where fair competition thrives.

KRA Commissioner General Mr. Humphrey Wattanga emphasized the significance of this joint effort.

"We have a committed focus on tackling matters of tax complexity," he stated, underscoring KRA's dedication to supporting MSMEs in navigating tax hurdles.

Wattanga further highlighted the importance of fostering a conducive business environment for MSMEs to flourish.

KNCCI President Dr. Erick Rutto echoed the commitment to empowering MSMEs.

He emphasized KNCCI's focus on leveraging technology like the Electronic Tax Invoice Management System (eTIMS) to streamline tax processes.

Rutto believes this will significantly enhance compliance efforts among KNCCI members.

This collaboration between KRA and KNCCI signifies a unified front in supporting the growth and long-term success of Kenyan MSMEs.

By combining their expertise and resources, these institutions aim to equip MSMEs with the knowledge, tools, and support system they need to thrive in the ever-evolving business environment.

Through joint efforts and the strategic use of technology, KRA and KNCCI are paving the way for a more informed, compliant, and sustainable future for Kenyan MSMEs.