KRA: Ignore Online Speculations around Revenue Mobilization and Operations
Image: The Times Towers Building that holds the Kenya Revenue Authority headquarters in Nairobi, Kenya.The Kenya Revenue Authority (KRA) has on April 10th released a hard-hitting statement in response to various statements on different media platforms the agency terms as ‘unfounded’. The statements border on the agency’s tacit operations, and in particular – revenue mobilization.
In a press release signed by Acting Commissioner General, KRA wishes to clarify, as follows:
KRA has invested in modern technology, which works efficiently as the revenue collection and settlement system from source to The Exchequer. With this in place, there is no room for revenue diversion as strict surveillance plugs revenue loopholes.
Year to date, KRA has kept pace with revenue collection compared to prior year collections. As at the close of March 2023, revenue collection averaged 95.1% on original target and 93.4% on Supplementary target, representing a collection of Kshs. 1.554 Trillion and a year on year 8% growth.
Conscious of the mandate to mobilize and secure revenue for national development, KRA remains committed to bridging the deficit on target. KRA continues to implement Revenue Enhancement Initiatives (REI) which include;
- Roll out of eTIMS for efficient and effective VAT collection
- Integration of KRA systems with betting companies leading to improved collection in Excise Tax on betting and Withholding Tax on winnings,
- Amicable settlement of tax disputes through Alternative Dispute Resolution (ADR)
- Tax Base Expansion aimed at bringing more taxpayers into the tax bracket.
KRA continues being a professionally managed public organization comprising of competent staff, management and board leadership, delivering their mandate within the staff code of conduct and the KRA values.
KRA remains committed to enhancing mobilization of government revenue, and to facilitate growth in economic activities and trade by ensuring compliance with tax and customs laws.
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