PwC: Kenya’s paying tax grows 3.3 percentTreasury Cabinet Secretary Henry Rotich hiked penalties and interests for late filing to encourage compliance to the tax regimes. [Photo: Standard]PricewaterhouseCoopers has said that Kenya’s paying tax went north by 3.3 percent from 69.01 percent in 2016 to 72.37 percent in 2019.The tax report dubbed Paying Taxes 2019, shows that there was an improvement in paying taxes in 2019 in connection with Kenya Revenue Authority measures on tax payments. PwC attributes the growth to Unified Business Permit by the Nairobi County Government and online tax paying system, iTax that reduced time for Kenyans filling their returns. This could help reduce the number of payments as well as the time taken to comply with paying taxes,” read the statement. Since the inception of the online tax filing and tax payment platform (iTax) in 2014, a number of taxpayers have continued to embrace its use.

Source: Standard Digital December 15, 2018 11:48 UTC