KRA commissioner-general John Njiraini. PHOTO | FILE
The Kenya Revenue Authority (KRA) digitised tax collection system, which is linked to 37 commercial banks, processed transactions worth Sh280 billion in just five months.
KRA commissioner-general John Njiraini said between January 1 and June 8 this year, the iTax platform’s payment gateway featured more than 3.5 million active taxpayers.
KRA has consequently won the Highly Commended Winner, Best in Class Treasury Solution in Africa award by the Treasury Today’s Adam Smith Awards 2016.
Global excellence
KRA has managed domestic and customs tax collections via iTax with local corporate bank Citi processing more than 20 per cent of its total tax collection in the last financial year.
The payment gateway allows local corporates and individual taxpayers to conveniently file their returns and settle their tax dues through the linked local commercial banks network.
Mr Njiraini said the award underlines the authority’s commitment to global excellence in revenue collection.
KRA won the Africa Category title from a pool of more than 219 nominations from 19 countries across the world.
Other winners included Etihad Airways, Coca-Cola, HBC AG, Toyota Motor Credit Corporation, Microsoft, Volvo Cars, Boeing, Rolls Royce Holdings Plc and Majid Al Futtaim Holding LLC.
KRA had submitted a case study on the successful rollout of the iTax.
PAYE Tax Calculator
Note: The results are not exact but very close to the actual.
