Safaricom retains top taxpayer’s position

October 21, 2014
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The Ministry of Interior and Coordination of National Government emerged third/PSCU
The Ministry of Interior and Coordination of National Government emerged third/PSCU
NAIROBI, Kenya, Oct 21 – Safaricom has for the seventh year in a row emerged the nation’s largest taxpayer in the 2013/2014 financial year.

In this year’s recognition of top taxpayers by the Kenya Revenue Authority (KRA), Safaricom was followed by the Teachers Service Commission (TSC) which took third position last year.

The Ministry of Interior and Coordination of National Government emerged third.

Speaking while gracing the annual occasion, President Uhuru Kenyatta called on all taxpayers to ensure that apart from giving what is due to KRA, they should also be keen on monitoring expenditure.

“Kenyans have trusted us with their taxes. We cannot break that trust. We must be determined to manage every shilling with at most prudence, and that means an end to inefficiency, waste and most importantly an end to corruption,” President Kenyatta said.

He said the government will continue to rationalise its spending by prioritising capital investment in education, health and social protection.

The Head of State directed the National Treasury and relevant government agencies to develop a comprehensive integrity and competency framework to form the basis of placement into the new critical agencies of Inland Revenue and Customs and Border Protection.

Others who appeared in the top 10 list are Kenya Commercial Bank (KCB) at fourth position, Kenya Breweries Limited (KBL) at fifth position and Equity Bank, sixth position.

Standard Chartered Bank was ranked seven, Barclays Bank eighth with the Kenya Pipeline Company and Health Ministry taking ninth and tenth positions respectively.

In the small taxpayers category, IBM East Africa Limited scooped the top position while the medium tax payer category was led Samsung Electronics East Africa Limited.

The Kenya Revenue Authority announced plans to come up with new criteria of recognising the best performing taxpayers so as to include the many organisations which may not compete with giant firms.

“In the past we have always awarded the best taxpayers, especially those who are paying large sums of money. But then who can beat Safaricom or East African Breweries and others. We want to come out with new criteria of encouraging all tax payers,” KRA Chairman, Major (Rtd) Marsden Madoka revealed.

“If a small company has had a new innovation and has been able to increase their tax collection, maybe those are some of the fellows we should also recognise,” Madoka added.

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