Kenya Revenue Authority (KRA) held talks with the private sector in a bid to tackle key tax-related hurdles and seek ways to boost business competitiveness and grow investment.
The high-level roundtable focused on how tax can enable investment and also provided an opportunity to discuss tax administration, compliance and policies hindering businesses.
KRA Commissioner General Humphrey Wattanga said KRA will continue promoting trade by tackling tax administration glitches and aligning tax policies with economic growth plans.
“Our endeavour is 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,” said Wattanga.
He added: “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.”
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Kenya Private Sector Alliance (KEPSA) CEO Carole Kariuki asked KRA to work with them to further rationalize taxation policies and compliance mechanisms to promote investment.
While admitting a funding gap delayed processing of refunds, KRA urged taxpayers to use approved refunds to offset tax liabilities in line with the law, as it seeks extra funds from the National Treasury.
KRA also appointed a dedicated team clean up taxpayer ledgers and fast track the resolution of pending issues emanating from the pre-iTax period, urging taxpayers to revise their ledger balances on iTax and provide feedback for quick facilitation and adjustments.
The taxman encouraged the scheduling of further targeted consultations to ensure the smooth implementation of tax reforms and improvements of administrative processes.
KRA further encouraged all taxpayers to take advantage of the extended tax amnesty program, waiving all penalties and interests for all periods up to December 31, 2023, which closes on June 30, 2025.