Kenya’s overall ranking in ease of paying taxes improved 33 places to position 92 globally, according to the report, which is a build-up of the World Bank’s Doing Business Index. The higher ranking was enabled by continued improvement in electronic tax filing platform, iTax, even though the costs remained the same during the year. iTax systemThis followed improvement of the iTax system which made filing and paying of corporate income tax and the standards levy easier. This was after a half of the country’s 4.8 million taxpayers failed to file their annual returns by June 30. The PwC Paying Taxes study also looks at the process for claiming Value Added Tax (VAT) and correcting an error in the corporate income tax return.

Source: Daily Nation November 22, 2017 06:33 UTC