The Kenya Revenue Authority (KRA) aims at gathering a minimum of KES 1.2 trillion per annum by 2015; a 41.06% increment on the KES 707.3 billion in revenue collected by the KRA in the financial year June 2011 to June 2012.
To help them achieve this, the organisation aspires to launch a pilot project of the second phase of the domestic taxes automation project in September. Speaking during the launch of 5th Corporate Plan on 27th July 2012 KRA Commissioner General John Njiraini said “When this project is fully implemented by the end of the current financial year, we expect to have a versatile system for tackling some of our most intractable tax compliance challenges including effectively tracking taxpayer consistency in filing and payment of taxes and the monitoring of usage of ETR devices, among others."
The plan is also expected to achieve the best in coordination of administrative functions that support revenue collection through creation of a new division of Corporate Support Services within the KRA.
KRA's revenue collection has grown by 78.2% since 2007 when they collected KES 397 billion.
Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
Email: | hello@abacus.co.ke |
---|---|
Tel: | +254 792 753 774 |