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This tech can tap every collectible coin
(2023) Mwinzi, CPA Faustin
The electronic tax invoice management system (e-Tims) that the Kenya Revenue Authority recently rolled out is touted to be the game-changer in tax administration. It allows VAT-registered traders to connect real-time to the KRA database using any technology, including mobile phones. By pushing for the introduction of this new technology, President William Ruto has stood by his clarion call: to collect every collectible shilling. Technology with the potential to double the VAT revenue yield is most welcome, but there is more to this technology. Taxes impose some incidental costs on society, making them even more punitive.
Kenya’s economic potential points to a country capable of self-sustenance
(The Standard, 2021) Mwinzi, CPA Faustin Mwongela
Covid-19 has extensively suppressed world economies over the past one year -Kenya’s included. Thousands have had to contend with substantial pay cuts as their employers endeavored to align to the tough times. In a report released last year, the Kenya National Bureau of Statistics (KNBS) noted that almost 4.64 million people had lost their jobs by June 2020 up from 2.94 in March 2020 when the first confirmed case of Covid-19 was reported. As it stands, the situation could be worse.