In light of the Presidents recent crackdown on tax evaders, the Kenya Revenue Authority (KRA) has announced its search for areas where it can apply blockchain technology for tax administration with the help of the Blockchain and AI Taskforce.
The authority’s Commissioner for Strategy and Innovation, Mohammed Omar, said at the 2018 Tax Summit in Nairobi, that KRA is in talks with a various stakeholders including telcos, the National Transport and Safety Authority and Kenya Power to work out a strategy to create a data pool that will be used to nab tax evaders.
A recent report by PricewaterhouseCoopers (PwC) notes that while blockchain is not a solution to all the problems in the tax system, it could potentially be applied to reduce the administrative burden and collect tax at a lower cost, helping to narrow the tax gap.
Blockchain identity platforms have several uses, among them tax filing and regulatory enforcement. Corporates, government tax administrations, and tax advisory organisations could all be potential beneficiaries of this revolutionary technology.
Promote your product, event, press release, or launch a report to a highly engaged tech and business audience. You can also take over our homepage for premium visibility and sponsor our monthly #TechNight events and podcasts and annual StartupEast Conference & Awards to maximize brand exposure.
Beyond reach and visibility, we have over ten years of experience in SEO-driven digital publishing and we are the best in the SEO market at helping brands grow organic visibility through high-quality editorial backlinks and strategic content placement. We are here to help you improve your search rankings and long-term discoverability. We also help improve AI discoverability, ensuring your brand is more visible across emerging AI-powered search and recommendation systems.
Your campaign will also be extended across
TechMoran,
BusinessTech.co.ke, and
AfricanWomenNetwork.net,
including their newsletters, giving you wider reach and engagement across East Africa’s leading digital audiences. Be part of the region’s biggest tech and business platforms monthly, quarterly, and annually.
