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Safaricom headquarters in Westland, Nairobi. [Courtesy]
Seventeen (17) companies were celebrated on Friday, August 29th by President Uhuru Kenyatta for exemplary tax compliance.
Telecommunications giant Safaricom led the field.
The telecommunications company, which was awarded in the category of big players, raised 105.9 billion Shillings last year. filed in taxes.
Premier Credit, a company that provides credit to individuals, small and medium-sized businesses, was recognized in the medium player category, while Living Goods Limited was recognized in the small player category.
Below is a list of the 17 companies that have been recognized for excellent tax compliance in each category:
1. Top taxpayer (large): Safaricom.
2. Top Taxpayers (Medium): Premier Credit.
3. Top Taxpayers (Small): Living Goods Limited.
4. Corporate Income Tax Income: Standard Chartered Investment Services.
5. Most customer friendly payer: Kenya Trade Network Agency.
6. Top importer: UDV LTD.
7. Top Public Sector Agency: Teachers’ Service Commission (TSC).
8. Top exporter: James Finley Mombasa.
9. Top importer: Evergreen Logistics Company Limited.
10. The most conducive government agency in tax enforcement and recovery: Kenya Defense Forces.
11. Maximum payer, South Region: Diani Estate Limited.
12. Top payers, center region: Consolata Hospital Nyeri.
14. Maximum Payers, Northern Region: Dioceses of Marsabit Registered Trustees.
15. Maximum Payers, West Region: Busia Sugar Industry Limited.
16. Top Payers, North Rift Area: The Noble Sacco Limited.
17. Maximum payer, South Rift region: De Ruiter East Africa Limited.
In his speech at the Safari Park Hotel in Nairobi, President Kenyatta announced that the Kenya Revenue Authority (KRA) had exceeded its target despite the Covid-19 crisis that hit businesses last year.
“I note with appreciation that ordinary income has more than doubled during my tenure, from Ksh 707 billion in fiscal year 2011/12 to Ksh 1.669 trillion in fiscal year 2020/21. This corresponds to a growth of 136 percent, ”he said in his address during the event on National Taxpayers Day 2021.
“Even more encouraging is the finding that KRA defied all odds with Ksh 1.669 trillion in fiscal year 2020/21 and exceeded its target with a surplus of Ksh 16.8 billion; This corresponds to a sales growth of 3.9 percent compared to the previous year. ”
Additional reporting by Patrick Aluschula.
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