Kenya Revenue Authority
Encyclopedia
The Kenya Revenue Authority (KRA) is the tax
collection agency of Kenya
. It was formed July 1, 1995 to enhance tax collection on behalf of the Government of Kenya. It collects a number of taxes and duties, including: value added tax
, income tax
and customs. Since KRA's inception, revenue collection has increased dramatically, enabling the government to provide much needed services to its citizenry like free primary education and Health Services to all. Over 90% of annual national budget funding comes from local taxes collected by the KRA.
KRA headquarters is the principal occupant of the Times Tower, the tallest building in East and Central Africa. The tower was completed in 1999, and replaced the Kenyatta International Conference Centre
as the tallest building in Nairobi
.
KRA VISION AND MISSION
Mission Statement
To promote compliance with Kenya's tax, trade,and border legislation and regulation by promoting the standards set out in the Taxpayers Charter and responsible enforcement by highly motivated and professional staff thereby maximizing revenue collection at the least possible cost for the socio-economic well being of Kenyans.
K.R.A vision
"To be the leading Revenue Authority in the world respected for Professionalism Integrity and Fairness."
Tax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...
collection agency of Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
. It was formed July 1, 1995 to enhance tax collection on behalf of the Government of Kenya. It collects a number of taxes and duties, including: value added tax
Value added tax
A value added tax or value-added tax is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the "value added" to a product, material or service, from an accounting point of view, by this stage of its...
, income tax
Income tax
An income tax is a tax levied on the income of individuals or businesses . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate...
and customs. Since KRA's inception, revenue collection has increased dramatically, enabling the government to provide much needed services to its citizenry like free primary education and Health Services to all. Over 90% of annual national budget funding comes from local taxes collected by the KRA.
KRA headquarters is the principal occupant of the Times Tower, the tallest building in East and Central Africa. The tower was completed in 1999, and replaced the Kenyatta International Conference Centre
Kenyatta International Conference Centre
Kenyatta International Conference Centre is a 30-storey building located in Nairobi, Kenya.It is located in the central business district of Nairobi. It is a venue for conferences, meetings, exhibitions and special events within a walking distance of several five star hotels...
as the tallest building in Nairobi
Nairobi
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
.
KRA VISION AND MISSION
Mission Statement
To promote compliance with Kenya's tax, trade,and border legislation and regulation by promoting the standards set out in the Taxpayers Charter and responsible enforcement by highly motivated and professional staff thereby maximizing revenue collection at the least possible cost for the socio-economic well being of Kenyans.
K.R.A vision
"To be the leading Revenue Authority in the world respected for Professionalism Integrity and Fairness."