KRA, KMA renew agreement on collection of oversight and monitoring levy

kra 780x405 - KRA, KMA renew agreement on collection of oversight and monitoring levy
The agreement lays down a framework for efficient, effective and accountable collection of the oversight and monitoring fees in accordance to the existing statutory provisions/FILE

NAIROBI, Kenya, Sept 4 – The Kenya Revenue Authority (KRA) has re-entered an agreement with the Kenya Maritime Authority (KMA) to provide agency services that include collection of oversight and monitoring levy.

It is the mandate of KMA to collect the Oversight and Monitoring levy, initially referred to as Merchant Shipping Superintendent (MSS) pursuant to the Merchant Shipping (Fess) Regulations 2011 under the Merchant Shipping Act 2009.

KMA first entered the Memorandum of Understanding with KRA in June 2013. Commissioner General Githii Mburu and Director General George Nyamako Okong’o in presence of KRA Commissioners and KMA managers signed the agreement to continue with the service.

KRA through the Cabinet Secretary National Treasury and Planning has been authorised to provide the agency services concerning monitoring, assessment, certification and collection of the levy. KRA will then remit the fees to KMA on a monthly basis. The levy is from all imported goods destined for local market and export goods that are sea bound.

“The agreement lays down a framework for efficient, effective and accountable collection of the oversight and monitoring fees in accordance to the existing statutory provisions,” the organizations say in a statement.

Under the MoU, KMA will facilitate KRA officials, agents’ representatives with appropriate instructions to facilitate service delivery and notify KRA of any statutory changes affecting the amount of levy to be collected, as well as pay a commission to KRA amounting to 2 per cent (exclusive of VAT) of the total fees collected.

KRA is also obliged to prepare monthly reports on the total levy in a prescribed format, besides collecting and remitting the monthly fees.

Author: worldwidenewscast

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