Taxman pledges to pay Sh2 billion VAT refundsKenya Revenue Authority (KRA) has committed to pay firms Sh2 billion as Value Added Tax (VAT) refunds this month, hoping to stem a rising backlog. Kenya Association of Manufacturers (KAM) Chairman Sachen Gupta estimated the refunds in excess of Sh20 billion arising from exports and withholding VAT dues. He acknowledged the need to open up dialogue channels for the mutual benefit of the Government and the private sector. Kepsa Chairman Nick Nesbitt lauded the KRA initiative to engage the private sector, saying the move was approachable and friendlier. Others are technology in tax administration such as iTax, VAT auto assessment system and the proposed Tax invoice management system.

Source: Standard Digital April 15, 2019 21:54 UTC