News

 

Nairobi, 16th August, 2019

 

National Treasury Principal Secretary Dr. Julius Muia has expressed a need for a digital based software to track Duty and Value Addition Tax (VAT) in to a bid to check revenue losses.


He said that in this era of digital age, manual tracking of taxes should be done away with noting that the latter encouraged lack of integrity and corruption.

 


Dr. Muia lack of a technology driven software to manage all sectors of the economy poses a great challenge to economic growth due to absence of real-time information.


The PS noted that the contemporary utilization of manual monitoring of development projects/ programmes does not give room to expeditious interventions where necessary whenever need arises.


He attributed failure by the Kenya Revenue Authority KRA to meet set revenue targets to lack of such a system noting that missed revenue targets forces the government to borrow.


Dr. Muia said that that if all revenue due to the government was effectively collected, the ballooning public debt could not have arisen and urged all eligible taxpayers to ensure that they paid up taxes.


He said that the National Treasury as a facilitator of development programmes in the country will always endeavour to ensure that public resources, be they from local revenue or from development partners are safeguarded and utilized for intended purposes.


The PS made the remarks today in his office where he received United States of America Deputy Economic Counselor in Kenya Mr. Christian De Angelis who paid him a courtesy call.


Dr. Muia appreciated the longstanding warm working relations between Kenya and the United States and particularly appreciated the development support the US continues to lend Kenya.

 

Mr. Angelis assured the PS that the US will continue supporting the government to attain economic stability.