Kenya’s newly forced tax system surged amount of taxpayers by 5.8M
(MENAFN) Kenya’s forced tax system, also named as the “itax”, has supported surge the amount of current taxpayers in the nation by 5.8 million to reach 7.4 million last year, as said by Mohamed Omar, the official for strategy, innovation and risk management at the Kenya Revenue Authority.
While giving a speech throughout a panel talk on the initial day of the Zakat, Customs, and Tax meeting in Riyadh, Omar underlined the crucial effect of digitizing the tax system.
“The itax had an impact and we saw shifts in numbers. So, around 2014 there were 1.6 million active taxpayers, these were people who do regular returns and regular payments, the number in 2022 was 7.4 million, so that’s about more than four times,” he showed.
He continued to clarify that, as an outcome of digitizing the tax system, the expansions in incomes was higher than the nominal expansion in the gross domestic output.
MENAFN09022023000045014228ID1105549309
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.