Kenya Revenue Authority (KRA) has announced partnership with the Kenya National Chamber of Commerce and Industry (KNCCI) to sensitize Micro, Small, and Medium-sized Enterprises (MSMEs) to enhance tax compliance.
This joint initiative aims to enhance tax compliance among MSMEs and promote sustainable business practices within the Sector.
Joint Tax Education Programs
Under the collaboration, KRA and KNCCI have agreed to undertake joint tax education programs, including the establishment of tax clinics countrywide, where businesses will be offered tax services at their premises.
During an engagement with KNCCI, KRA Commissioner General Humphrey Wattanga reiterated the importance of collaboration in addressing tax complexities, particularly within the MSME sector.
He reassured KRA’s commitment in rolling out outreach programs aimed at creating awareness on tax matters and resolving challenges faced by traders.
Wattanga stated, “We have a committed focus on tackling matters of tax complexity,” underscoring KRA’s dedication to supporting MSMEs in navigating tax-related issues and fostering a conducive business environment.
Also Read:Â KNCCI, KDC partner to accelerate credit flow to SMEs
Combating Illicit Trade and Fostering
In addition to enhancing tax compliance, KNCCI will collaborate with KRA in combating illicit trade and fostering a business-friendly environment.
KNCCI President Dr. Erick Rutto expressed the institution’s commitment in its efforts to educate its members on the dangers of smuggling, contributing to the overall integrity of the business landscape.
Rutto said the chamber will create awareness on the Electronic Tax Invoice Management System (eTIMS).
The deal is also set to provide MSMEs with the necessary knowledge and support to fulfill their tax obligations effectively.
This partnership between KRA and KNCCI signifies a concerted effort towards promoting tax compliance and sustainable business practices within the MSME sector, ultimately contributing to the growth and development of the Kenyan economy.
