Friday, December 27, 2024

KRA pledges to ease way of doing business for private sector

KRA KEPSA

The Kenya Revenue Authority (KRA) has reassured stakeholders in the private sector of continued facilitation to eradicate bottlenecks and create a more conducive environment for business.

Speaking during the Ninth Tax Round Table meeting with members of the Kenya Private Sector Alliance (KEPSA), KRA Commissioner General James Githii affirmed the Authority’s commitment in simplifying its processes to facilitate their businesses.

He said that KRA will continuously automate its processes in line with its facilitative approach to tax administration.

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“To ensure that VAT refunds are processed on time, we have put in place systems that enhance transparency and a clear queuing process through the Green Channel framework,” said Githii.

The framework will prioritise processing of applications from Green Channel applicants with minimal verification subject to post payment audit. The framework eases necessity for time-consuming 100% confirmation of exports before refund approval.

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Githii also said that tracking of transit goods under ECTS system was decommissioned and all tracking of transit goods are under Regional Electronic Cargo Tracking System (RECTS) jointly used by Kenya Revenue Authority and Uganda Revenue Authority.

KRA assured the stakeholders of a fair tax audit process. KRA said that it always issues a notice to taxpayers giving them at least 30 days to prepare before the audit. This time is also flexible upon taxpayer’s request or engagement with KRA.

During the roundtable, KEPSA lauded KRA’s consistency in holding dialogue platforms which it said gives the body an opportunity to strike a balance between the right regulation required for the country to raise the necessary taxes and at the same time ensure the growth of the private sector in the country.

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KEPSA further applauded KRA’s responsibility in trade facilitation which has been enhanced especially at the port through various initiatives such as expedition of cargo scanning and the underway automation of Customs processes.

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