Download or read book Tax Reforms and Revenue Mobilization in Kenya written by Moses Kinyanjui Muriithi and published by . This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Case Studies in Tax Revenue Mobilization in Low Income Countries written by Mr.Bernardin Akitoby and published by International Monetary Fund. This book was released on 2019-05-10 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can Low-Income Countries (LICs) enhance tax revenue collection to finance their vast development needs? We address this question by analyzing seven tax reform experiences in LICs (Burkina Faso, The Gambia, Maldives, Mauritania, Rwanda, Senegal, and Uganda). Three lessons stand out, although reforms must be tailored to individual circumstances: (i) Tax reforms require first and foremost political commitment and buy-in from key stakeholders; (ii) Countries that pursue both revenue administration and tax policy reforms tend to see much larger and persistent gains; and (iii) A successful strategy often starts with fiscal reform measures with immediate effect to build momentum. These can include: simplifying the tax system; curbing exemptions; reforming indirect taxes on goods and services (e.g., excises); and better managing compliance risks through strengthening taxpayer segmentation (often beginning with strengthening the Large Taxpayers Office). A comprehensive reform strategy (e.g., a medium-term revenue strategy) can help to properly sequence reform measures and facilitate their implementation.
Download or read book Effects of Rental Tax Reforms on Revenue Collection in Kenya written by Dennis Nangabo and published by GRIN Verlag. This book was released on 2020-03-11 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2019 in the subject Business economics - Accounting and Taxes, grade: 100, Kenyatta University, language: English, abstract: Taxes play a crucial role in the development of a nation. In Kenya, tax revenues have always failed to reach the anticipated collection targets due to many factors. The taxman has had to develop policies that aim at reforming tax management and achieve the set targets In this regard the researcher seeks to study the effects of rental tax reforms on revenue collection by the Kenya Revenue Collection agency as the main objective. The specific objectives of this study are; to identify the effect of monthly rental income on rental revenue collection, to determine the effects of withholding rental income on rental revenue collection, to find out the effect of tax amnesty on rental revenue collection and to investigate the effect of block management systems sector on rental revenue collection The study is guided by the dynamic theory of public spending, taxation, and debt and the technological advancement theory. An empirical review is also undertaken to link the independent variables to revenue collection and the research gaps arising. The study shall adopt a descriptive research design and a case of KRA shall be carried out. The target population is 500 employees and a sample size of 81 has been obtained for this matter. Questionnaires shall be used to gather primary data whereas secondary data shall be obtained from KRA, the Ministry of Finance and other relevant entities. The data shall then be analysed using IBM SPSS version 20.0, classified, tabulated and summarized using figures, summary statistics of the mean, and standard deviation percentages and frequency distribution tables. A detailed explanation of the data shall also accompany the presentation.
Download or read book Tax Reform Experience in Kenya written by Stephen N. Karingi and published by . This book was released on 2005 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Challenges Facing the Tax System Tax Reforms and the Future of Taxation written by Austine Nyanumba and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revenue is the lifeline of any economy. It is the lifeblood that flows through a nation's financial system, promoting expansion across the different industries that define the state of the Nation. Kenya's economic growth and source of revenue are both heavily dependent on taxation. The Kenyan government derives revenue from many taxes, including excise taxes, value added taxes, income taxes, customs duties, and other levies. The government organization in charge of tax administration and collection in Kenya is the Kenya Revenue Authority (KRA). The tax system in Kenya faces many difficulties that negatively affect revenue collection. Kenya has been implementing tax reform to increase the amount of tax revenue collected. Kenya's fiscal structures show that, despite reforms, government spending and revenue have remained constant, with expenditure constantly exceeding revenues. Large fiscal deficits caused by the disparity between revenues and expenses have forced Kenya to borrow money from abroad on an ongoing basis. To this end, this article provides broader perspectives on taxation in Kenya, establishes the challenges facing Kenya's tax system, tax reforms that Kenya has adopted both administrative and policy reforms and the future of taxation in Kenya. It shall further lay out a conclusion and recommendations on the same.
Download or read book An Empirical Investigation of Elasticity of Direct Taxes in Kenya written by Wycliff Ombasa and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government of Kenya has continuously pursued tax reform agenda to increase its domestic's tax revenues mobilization. This study examined the elasticity of direct income taxes as a measure of tax productivity in Kenya. Specifically, the paper examined the elasticity of Corporation tax, Property taxes (rental taxes) and personal income taxes (Pay As You Earn) as components of direct government tax revenues with respect to the changes in national income/ GDP at factor income as a proxy base. The study population for the research was the years from 2007 to 2017 financial year spanning for a period of 11 years. The study relied on secondary data and utilized a time series approach to estimate tax elasticity for Kenya for the period 2006/2007 to 2016/2017. Proportional Adjustment Method (PAM) model and Error Correction Mechanism (ECM) were adopted for data analysing. To check stationarity of the time series data, Phillips Perron (PP) and Augmented-Fuller (ADF) for unit root test techniques was adopted. The results revealed that direct taxes in Kenya are inelastic with elasticity value of 0.592 less than unit with an error correction coefficient of 0.7778. The study established that the direct tax revenue in Kenya is actually not responsive enough to changes in income growth since the coefficient of elasticity was less than a unity. Thus the system of direct taxes is not productive in general. Based on these findings, we recommend that the government of Kenya should strengthen tax reforms in order to increase the productivity of income tax revenue.
Download or read book Unlocking the Revenue Potential in Kenya written by Masinde Muyundo and published by GRIN Verlag. This book was released on 2012-08-23 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2012 in the subject Economics - Macro-economics, general, , language: English, abstract: The new world order is one where the flow of external resources especially to emerging economies such as Kenya is shrinking. Indeed, the recent recession in developed countries was a wakeup call to many that the expected resources could one day dry up. This is happening when the need for support is increasing, hence, the need to become self sustainable and to increase the level of resources that can be raised domestically. Domestic resource mobilization (DRM) refers to the savings and investment generated by households, domestic firms, and government. The need for African countries to mobilize domestic resources as a medium-to long-term goal is now widely accepted. In the past, Africa has been rated poorly as relates to saving and investment. A sustained increase in growth rates require higher level of savings and investment, as well as increased investment productivity. Developing countries and those in transition are at present confronting unsustainable fiscal deficits; unabated debt service charges and declining external assistance, seriously affecting their development process. Domestic tax revenues are the most sustainable source of financing for public expenditures in developing countries. The experience with domestic resource mobilization of developing countries over the last 25 years has been mixed. In countries such as Botswana, Israel, Kuwait and Seychelles, the central government revenue’s share in GDP has been more than 40 percent on average. The issue of tax compliance is extremely important both to those concerned with the key role increased tax yields can play in restoring macroeconomic balance and to those concerned with tax policy and its effects on the economy in general. However, the ability of developing countries’ governments to raise direct tax revenues is constrained by a number of external and internal factors. [...]
Download or read book Enhancing Mobilization of Own Source Revenue in Nairobi City County written by John M. Mutua and published by . This book was released on 2017 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxation and Tax Modernization in Kenya written by Eliud Moyi and published by . This book was released on 2006 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Reforms and Domestic Revenue Mobilisation in Uganda written by Milton Ayoki and published by . This book was released on 2008 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Tax Reform Experience of Kenya written by Stephen Njuguna Karingi and published by . This book was released on 2005 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Revenue Mobilization in Developing Countries written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2011-08-03 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.
Download or read book The Impact of Tax Strategies on Revenue Mobilization in Sierra Leone written by Dr. Abu Kai Kamara and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As tax revenues became an essential source of funding for governments, the rulers' dependence on these funds created an incentive for them to be accountable to the taxpayers; citizens expected their governments to use tax revenues responsibly and efficiently, leading to improved governance practices and a closer alignment of state policies with the interests and needs of the population. The choices made regarding tax reform strategies have significant implications for societal priorities, income distribution, and the overall relationship between the state and its citizens. This research revealed that periodic evaluations be carried out by tax experts to establish the performance of each tax head and identify areas of weaknesses. This becomes the basis under which various tax reforms are put in place and the mode in which they are implemented. Findings on tax reforms indicated that more emphasis was put on indirect tax reform but direct tax heads were given negligible attention. The majority of taxpayers do not get sufficient tax education and this leads to non-compliance on the part of taxpayers. Domestic revenue mobilization is still performing poorly, a larger portion of domestic tax revenue is raised from indirect taxes, domestic revenue mobilization procedures are not effective, and collecting tax revenue from organizations is easier than from individual taxpayers. A huge tax burden rests on the few registered organizations and employees working in the formal sector. However, the general trend indicates an increase in revenue as related to the percentage growth in the GDP which signals the strength and benefits of tax reforms although these benefits were stunted by the Ebola and Corona pandemics respectively. In addition, the finds of this research revealed that the National Revenue Authority needs to lower the Pay As You Earn (PAYE) threshold in order to capture the income of the majority of citizens for tax purposes. Further, there is a need to revise the list of zero-rated supplies, diplomatic privileges, and the list of institutions whose income is tax-exempt. Trade tax reform may be an important component of fiscal reform in developing countries, however, policymakers must also consider the unique challenges posed by informal economies and work to develop tailored solutions that can effectively raise revenue while preserving economic efficiency and welfare.
Download or read book Revenue Mobilization in Sub Saharan Africa written by Matthew Martin and published by . This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Current Challenges in Revenue Mobilization Improving Tax Compliance written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-01-29 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses core challenges that all tax administrations face in dealing with noncompliance—which are now receiving renewed attention. Long a priority in developing countries, assuring strong compliance has acquired greater priority in countries facing intensified revenue needs, and is critical for fairness and statebuilding. Series: Policy Papers
Download or read book Strengthening Domestic Resource Mobilization written by Raul Felix Junquera-Varela and published by World Bank Publications. This book was released on 2017-06-29 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public spending plays a key role in the economic growth and development of most developing economies. This book analyzes revenues, policy, and administration of Domestic Resource Mobilization (DRM) in developing countries. It provides a broad landscape of practical examples, drawing from lessons learned in World Bank operations across Global Practices over the past several decades. It should be thought of as a starting point for a more comprehensive research agenda rather than a complete inventory itself. This book reviews the trends in tax revenue collection in developing countries. It provides an overview of efforts to close the revenue gap, many of which have been supported by World Bank operations. The book reviews the special challenges facing low income countries, which have traditionally relied on indirect revenues in the context of limited formalization of their economies. An overview of tax policy and administration reform programs is presented, with an overview of outstanding issues that will shape the policy agenda in years ahead.
Download or read book Determinants of Value Added Tax Revenue written by eljko Bogeti? and published by World Bank Publications. This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical analysis of value- added tax revenues on a sample of 34 countries conforms with conventional wisdom from theoretical and case studies. The key implication is that for value- added tax to provide superior revenues, it should be levied in a single rate on as broad a base as possible. And tax administration and enforcement must be tough to ensure compliance.