Last week, the Kenya Revenue Authority (KRA) launched an ambitious strategy to enhance revenue collection. Under the 2018-2021 plan, the taxman hopes to collect Sh6 trillion.
Further, KRA hopes to double the number of taxpayers to about seven million over the three years. The agency has always been accused of failing to meet revenue targets.
Successful execution of the new plan could just be the antidote KRA needs. However, it is important for all stakeholders to come on board if KRA is going to realize its goals as this is not a one-man show.
The good thing is the strategy has been aligned with the Government’s development plan encapsulated in the Big Four agenda, which the President hopes to deliver within almost the same period. The Sh6 trillion target may seem far-fetched.
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However, examination of the economy shows we have what it takes to surpass that target. Most rich Kenyans and those in the informal sector do not pay tax. The trick is to bring everybody on board.