This archive report was first published on 23 August 2019.
Kenya Revenue Authority (KRA) has issued a stern warning to Kenyan corporates that it will not relent in its crackdown against tax fraud and evasion.
According to KRA, the agency has seen a significant increase in revenue collection, from Sh201 billion in 2002/03 to Sh1.58 trillion in 2018/19, representing a growth of over 68 percent.
“This tremendous growth demonstrates that this country will significantly reduce reliance on debt if all persons required to pay taxes pay their rightful share of taxes,” KRA said in a statement on Thursday, August 22, 2019.
“We salute and celebrate the majority of Kenyans who have continued to pay their rightful share of taxes,” the statement added.
However, KRA also cautioned those who have not been complying with tax laws to do so before the long arm of the law catches up with them.
“KRA shall continue supporting them even as they endeavour to comply with tax laws. KRA is committed to guiding them in the process of determination and payment of taxes for the greater good of the country,” the statement reads.
Furthermore, KRA rejected the narrative that it is fighting any individual or business, stating that it has the additional responsibility of trade facilitation under which it supports a business environment that is conducive for growth.
“All we desire is that all eligible taxpayers make every effort to pay their rightful share of taxes. KRA is determined to pursue those who have deliberately chosen to evade taxes through various practices,” the statement concluded.
