New push for all Kenyans over 18 to pay tax
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Lobby group proposes tax tracking of all Kenyans over 18 in a bid to increase government revenue
Lobby group proposes tax tracking of all Kenyans over 18 in a bid to increase government revenue.
To improve tax compliance and broaden Kenya’s tax base, the Institute of Certified Public Accountants of Kenya (ICPAK) has suggested tracking all Kenya Revenue Authority (KRA) pinholders above the age of 18.
Speaking while appearing before the National Assembly Finance and National Planning committee, chaired by Molo MP Kuria Kimani, the accountants emphasized the importance of proper bookkeeping to help the country emerge from its current revenue squeeze.
ICPAK Chairperson Philip Kakai claims that by using this strategy, the Kenya Income Authority (KRA) will be able to reach its income goals while reducing the burden on current taxpayers.
“Among the challenges in the current tax system that ICPAK has cited as requiring reforms, is the lack of precision in the identification of taxpayers due to the lack of an integrated mechanism that identifies all taxpayers
“They also identified the limited access to taxpayer transactional information given that Kenya currently operates a self-assessment system for income tax purposes,” the report by the NA committee read in part.
On the other hand, the group also proposed that the taxman leverages the power of technology in tax collection.
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The Kenya Revenue Authority (KRA) will be better able to identify gaps and discrepancies and increase tax collection efficiency, according to the accountants.
ICPAK presented their case before the committee that is gathering feedback on the suggested national tax policy.
The goal of the policy is to provide predictable tax laws and lay out precise instructions for enacting new taxes.
“The policy is also geared towards articulating broad guidelines for governing tax administration and the tax system in Kenya.
“The implementation of the interventions caused by the policy is also expected to increase the tax-to-GDP ratio to the desired East African Community (EAC) target of 25 % thereby raising sufficient resources to support the government’s development agenda,” read the statement in part.
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