Corporate News
By RAMENYA GIBENDI
In Summary
The Kenya Revenue Authority (KRA) is to conduct a
lifestyle audit of its employees as it seeks to weed out corrupt
individuals from its ranks. The exercise will seek to evaluate an
individual’s lifestyle vis-a-vis remuneration to detect any
inconsistencies in how they acquired their wealth.
And President Uhuru Kenyatta told the occasion that
corruption must be dealt with to avoid wastage of taxes and enable the
government to prudently use revenue on development projects.
“If you see my government following the route of
corruption, let it be known. Report it to the authorities and if you do
not trust the people there, you can put it in the media,” the President
said.
The integrity checks on employees is part of the
revenue collector’s wider attempts to streamline its operations to meet
an expanded target set by the government.
Tax revenues
KRA is under pressure to increase tax revenues and help the government fund the promises that the Jubilee Coalition made to Kenyans during last year’s campaigns. The government, in the current financial year, has given KRA a Sh1.1 trillion tax collection target.
KRA is under pressure to increase tax revenues and help the government fund the promises that the Jubilee Coalition made to Kenyans during last year’s campaigns. The government, in the current financial year, has given KRA a Sh1.1 trillion tax collection target.
“This year we have been given a very high target...
we have a very good organisation but with few bad elements, and we have
to weed them out,” Mr Madoka stated.
KRA will also start based on their performance with
remuneration and promotions tied to ability to meet set targets. The
chairman said the exercise was part of “culture change and
re-orientation” towards a more technologically-driven State entity.
Earlier in the year, 67 KRA officials on permanent
and pensionable terms were sent home. Their replacements are performance
contract terms. The pacts are renewable every three years, subject to
performance, until one attains the age of 60.
Best taxpayers
Safaricom yet again emerged the country’s best overall taxpayer for the seventh consecutive year at the awards ceremony. KRA said the company was recognised for its active role in charitable activities and life-changing innovations besides following the required tax regulations.
Safaricom yet again emerged the country’s best overall taxpayer for the seventh consecutive year at the awards ceremony. KRA said the company was recognised for its active role in charitable activities and life-changing innovations besides following the required tax regulations.
The Teachers Service Commission was the runner-up, edging out East African Breweries Limited (EABL) that was second best last year.
The ranking is in its 11th year now.
Ministry of Interior and Coordination of National
Government was declared the second runner-up overall. Its staff are in
all corners of the country and include members of the uniformed forces.
Deputy President William Ruto asked Kenyans to
embrace the culture of savings to spur development in the country. He
said Kenya was trailed in the proportions of savings to GDP in relation
to her peers globally.
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