iTax processes transactions worth Sh280 billion in five months
Kenya Revenue Authority Commissioner General John Njiraini speaks at a media briefing at his Times Towers office in Nairobi on April 19, 2016. PHOTO | SALATON NJAU | NATION MEDIA GROUP
What you need to know:
- Payment gateway allows corporates and individual taxpayers to file returns and settle dues through banks.
The Kenya Revenue Authority’s (KRA) digitised tax collection system, which is linked to 37 commercial banks, processed transactions worth Sh280 billion in five months.
KRA Commissioner General John Njiraini said between January1 and June 8, this year, the iTax platform’s payment gateway featured more than 3.5 million active taxpayers.
The taxman won the Highly Commended Winner, Best in Class Treasury Solution in Africa award by the Treasury Today’s Adam Smith Awards 2016.
The KRA has managed domestic and customs tax collections with corporate bank Citi managing to process more than 20 per cent of KRA’s total tax collection in the last financial year.
The payment gateway allows local corporates and individual taxpayers to conveniently file their returns and settle their tax dues through the local commercial banks network.
Mr Njiraini said the award underlines the authority’s commitment to global excellence in revenue collection.
The KRA won the Africa Category title from a wider pool of more than219 nominations from 19countries’ across the world.
Other winners include Etihad Airways, Coca-Cola HBC AG, Toyota Motor Credit Corporation, Microsoft, Volvo Cars, Boeing, Rolls Royce Holdings and Majid Al Futtaim Holding.
The KRA had submitted a case study on the successful rollout of iTax.
