- KRA Chairperson Ndiritu Muriithi clarified the automation of VAT collection from mobile money transactions.
- KRA is not seeking access to personal mobile money wallets or bank accounts.
- The proposed system would automatically deduct taxes like VAT at the point of transaction.
- Muriithi emphasized that the focus is on accessing transactional data, not personal financial data.
- The system is already used in the betting industry for tax deductions at the source.
- The reform aims to reduce the burden of late filing and remittance for businesses.
- Concerns about data privacy were acknowledged, with the intent being compliance efficiency.
- KRA plans to link its system with telecommunications companies to enhance tax compliance.
- All registered taxpayers must authenticate their phone numbers on the iTax system.
Source: thekenyatimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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