KRA to Tax Online Businesses
Kenya Revenue Authority has urged the local online traders to ensure they pay their taxes as the law requires.
In a statement by the Revenue Authority, they stated “KRA has noted that some taxpayers engage in online business and they do not file returns or pay taxes on the transactions. KRA would like to advise that unless income or supply is expressly exempt in the law, appropriate taxes should be paid.”
The Authority has been looking for ways to increase its revenue collection by expanding the taxable population after the collection fell short of its target in the first half of 2018/2019.
KRA requires traders with a taxable income above KSh5 million to register for VAT obligation and charge tax while traders whose income is below KSh5 million pay presumptive tax.
The government in has made strategic plans to train all online traders on tax compliance in a bid to help the taxman hit his target.
Government has also made other efforts geared towards the mobilization of revenues; it has put in place revenue enhancement measures to boost performance and cushion against further revenue shortfalls by strengthening tax administration and compliance.
This will be done through enhanced scanning to detect concealment and increase efficiency in cargo clearing through the procurement of additional scanners and full integration of all scanners.
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