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KRA to be integrated with telecommunication companies in tax plan

Faith Chandianya by Faith Chandianya
March 22, 2024
in News
Reading Time: 1 min read

The government has disclosed plans to enact nine tax reforms in accordance with the Fourth Medium Term Plan (MTP IV) 2023-2027, launched by President William Ruto on March 21.

These reforms encompass the integration of Kenya Revenue Authority (KRA) systems with those of telecommunication companies, aimed at bolstering revenue collection for the government.

This integration mirrors successful strategies employed in the betting industry, resulting in a substantial increase in tax revenue collection by KRA. Additionally, the government intends to enhance tax collection in the rental sector through technological advancements and property mapping nationwide.

The Medium Term Plan also outlines initiatives to leverage technology and data analytics at Customs and Border Control to mitigate revenue risks associated with imported goods.

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Furthermore, the government aims to strengthen revenue mobilization through the utilization of modern technologies such as Artificial Intelligence (AI), blockchain, and machine learning.

Efforts to improve tax compliance among Kenyans will involve simplifying tax processes and expanding self-service options for taxpayers. The Treasury previously announced plans for KRA to introduce a USSD code for tax payments, detailed in the Medium Term Revenue Strategy document.

President Ruto’s administration emphasizes the importance of broader tax participation, particularly targeting the informal sector to contribute to nation-building.

The reforms entail implementing an electronic tax invoice management system for efficient VAT collection and automating manual tax processes, including exemptions and revenue reconciliation.

These reforms are scheduled for implementation from the upcoming financial year 2024/25 through the 2027/2028 financial year. Additionally, the Medium Term Plan outlines budgetary reforms aimed at supporting Ruto’s Bottom-Up Economic Transformation Agenda (BETA).

These reforms include establishing a common payroll system, efficient project implementation, and deploying an end-to-end e-Government procurement system.

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Faith Chandianya

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