KRA targets to collect Sh6.1 trillion by 2021

HENRY ROTICH BUDGET - KRA targets to collect Sh6.1 trillion by 2021
National Treasury Cabinet Secretary Henry Rotich said the Corporate Plan focuses on the country’s development agenda as spelt out in the Kenya Vision 2030/FILE

NAIROBI, Kenya, Jan 17 – The Kenya Revenue Authority has set a target of raising Sh6.1 trillion in core revenues by 2021 through Exchequer revenues, Road Maintenance Levy Fund, Railway Development Levy and other channels.

In details contained in its seventh corporate plan training, KRA has set to raise revenue to GDP ratio from current 18.3 per cent in 2017/18 to 19.2 per cent in 2020/21.

Key among the strategies and programs is tax base expansion aimed at raising the number of active taxpayers from 3.94 million to 7 million by implementing a segmented approach to deal with the identified sectors.

National Treasury Cabinet Secretary Henry Rotich said the Corporate Plan focuses on the country’s development agenda as spelt out in the Kenya Vision 2030, the Third Medium Term Plan, the Budget Policy Statement 2018 and the Big Four Agenda.

“We undertake to work with KRA and all stakeholders to continuously develop appropriate policies and review of the regulatory regimes to meet the needs of all Kenyans,” Rotich said.

KRA’s Commissioner General John Njiraini added that the 7th Corporate Plan is designed to give priority to key national flagship drivers which project a transformed and a self-reliant nation in the years to come.

According to the Commissioner General, KRA’s approach and engagement with the customers has significantly been shifting from enforcement to a more facilitative approach, an approach that has for a long time been associated with the private sector.

He said revenue mobilization is through transformation, data-driven decision-making and tax base expansion.

Author: worldwidenewscast

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