Safaricom recognised as top taxpayer in Kenya
Safaricom has been awarded the 2020 top taxpayer in the country under the Large Taxpayers category by the Kenya Revenue Authority (KRA).
KRA honoured the telco for the role it plays in the economy saying it had an “outstanding contribution to the development of our economy through diligent payment of taxes.”
“We also acknowledge that this recognition of top taxpayer, which we have now won 13 years in a row, is a result of our commitment to make a difference by supporting the economy through job creation, duties and taxes and meaningful partnerships,” said Peter Ndegwa, Chief Executive Officer, Safaricom.
In the year 2020, Safaricom paid Ksh.98 billion in duties and taxes, in addition to Ksh.20 billion in dividends. Over the same period, Safaricom sustained more than one million jobs directly and indirectly and spent Ksh.58 billion with local suppliers.
In the past 5 years, the firms’ cumulative taxes have amounted to Ksh.409 billion, including Ksh.95 billion in dividends.
“We are here today with the blessings of His Excellency the President, to present you with the award for the Top Taxpayer of the year 2020. This award represents His Excellency’s recognition for Safaricom as the Top Taxpayer for having demonstrated highest tax revenue and exceptional compliance in payment and filing across all tax heads,” said Dr. Rispah Simiyu, Commissioner, Domestic Taxes Department, KRA.
Since the advent of the coronavirus pandemic, Safaricom has contributed more than Ksh.10 billion in money, goods and services to the fight against the pandemic.