× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

iTax system has helped boost the country’s tax administration ranking globally

WORK LIFE
By Macharia Kamau | November 22nd 2017
(Photo: Courtesy)

The adoption of online filing of returns using Kenya Revenue Authority’s (KRA) iTax system has helped boost the country’s tax administration ranking globally.

A new report by the World Bank and business consultancy firm PwC has hailed the iTax platform, saying it had substantially simplified tax administration, which had, in turn, enabled medium-sized firms to file tax returns with ease.

The report, titled Paying Taxes 2018, ranked Kenya at position 92 globally in terms of ease of paying taxes last year, a 26 per cent jump from position 125 in 2015.

The report looked at the time taken to file taxes, the number of taxes a firm is required to pay, a company’s total tax liability and handling of post-filing processes that included tax refunds from the tax authorities.

“In 2016, there was a widespread adoption of online filing of taxes and this is one of the reasons there has been an improvement in the general tax administration in Kenya,” said Titus Mukora, director PwC.

“The improvement was largely driven by electronic filing and payment systems and the widespread adoption by taxpayers.”

According to the report, it takes a total of 185 hours to file taxes, compared to the previous 195 hours while businesses had to pay a total of 26 taxes in 2016, an improvement from 34 taxes in 2015.

Share this story
KEBS seeks new vehicle inspection firm
Kenya Bureau of Standards (Kebs) is shopping around for a new firm to pre-inspect imported second-hand motor vehicles.
Survey: Why 40 pc of workers want to quit their jobs
More than half of 18 to 25 year-olds in the workforce are considering quitting their job. And they are not the only ones.
.
RECOMMENDED NEWS
Feedback