Kenya Revenue Authority (KRA) in a significant move has committed to a strategic partnership with the Institute of Certified Public Accountants of Kenya (ICPAK).
The agreement is aimed at fostering professionalism in tax management, refining tax processes, and fortifying compliance initiatives.
During a meeting with the ICPAK council on Tuesday, KRA Commissioner General Humphrey Wattanga, underscored the importance of this collaboration, emphasizing ICPAK’s pivotal role in enabling KRA to fulfil its mandate of revenue collection and trade facilitation.
“ICPAK stands as one of KRA’s key stakeholders, and we value the partnership across various sectors of public and corporate governance,” he said.
“ICPAK members, whether as taxpayers, tax agents, tax advisors, or employed accountants, continue to significantly contribute to enhancing tax compliance and revenue collection in Kenya,” Wattanga added.
The collaboration is in diverse areas, including the development and implementation of tax policies.
The authority’s Commissioner expressed KRA’s unwavering commitment to working closely with ICPAK for effective tax administration.
On his side, ICPAK Council Chairman Philip Kakai highlighted that the Institute has been proactive in proposing policy recommendations on taxation.
He affirmed ICPAK’s readiness to collaborate with KRA in finalizing proposed policies, contributing to national economic growth and development.
ICPAK is also committed to sustaining its partnership with the Kenya School of Revenue Administration (KESRA), actively involving tax practitioners in the design and development of the tax curriculum at KESRA and contributing to the content development of tax-related Continuing Professional Development (CPD) programs.
Beyond policy collaboration, the two institutions have pledged to jointly address professional malpractices in tax matters and provide ongoing capacity building for KRA staff and tax experts, ensuring efficient tax administration.
Recognizing Micro, Small, and Medium-sized Enterprises (MSMEs) as vital drivers of economic growth, KRA and ICPAK will join forces to recruit and train MSMEs on tax-related matters, aiming to enhance compliance within this crucial segment of the economy.
This strategic partnership between KRA and ICPAK signifies a shared commitment to fostering a more professional, transparent, and compliant tax environment in Kenya.
