Kenya Revenue Authority (KRA) has pledged to streamline its processes for large taxpayers to uphold compliance. Speaking during an engagement with large taxpayers held at Ole Sereni Hotel, Nairobi, KRA Commissioner General, Mr Humphrey Wattanga, said that KRA estimates a collection of Ksh1.1 trillion from large taxpayers in the Financial Year 2023/24.
Large taxpayers are those who accrue an annual income of up to Ksh1.3 billion. Currently, there are 2,089 registered large taxpayers from various sectors of the country’s economy.
Mr Wattanga said that in the financial year 2022/23, large taxpayers contributed Ksh818 billion in revenue, representing a remarkable 9% growth from the previous financial year 2022/2023. He said that KRA has developed a Relationship Management Framework that will help facilitate the taxpayers to enhance their contribution.
“At KRA, our commitment is not only to collect taxes but also to support you in upholding compliance, while efficiently contributing to our nation’s economic agenda. To facilitate this, we have established a dedicated office for our large taxpayers known as the ‘Large Taxpayers Office’ (LTO), which will continue to engage and partner with you through a Relationship Management Framework,” Mr Wattanga said.
He said the framework has allowed KRA to identify, manage and nurture relationships with taxpayers, paving way for more personalised and relevant services. This has allowed the agency to address taxpayers’ concerns and effectively enhanced revenue compliance.
KRA has adopted taxpayer engagement programme aimed at interacting in open discussions with taxpayers and to develop workable solutions to various economic and taxation challenges faced by various taxpayers. Through the engagements, KRA also aims to unlock and provide feedback on the concerns raised by taxpayers.
The Authority says it is now committed to strengthening its relationship with taxpayers to ensure that all concerns are addressed promptly.
KRA has also introduced the tax amnesty programme that allows taxpayers to apply for waiver of penalties and interest accrued until 31st December 2022. This program is designed to reduce the tax burden and assist taxpayers in upholding compliance.