President Kenyatta honours TSC
The Teachers Service Commission (TSC) is among seventeen (17) companies honoured by President Uhuru Kenyatta on Friday, August 29.
President Kenyatta honoured TSC as the Top public sector agency for outstanding tax compliance.
Safaricom, the world’s largest telecommunications company, led the pack as the telco, which won in the large player category, paid Sh105.9 billion in taxes last year.
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Premier Credit, a lender to individuals, small and medium-sized businesses, was honoured in the medium player category, while Living Goods Limited was honoured in the small player category.
Below is a list of the 17 companies feted for distinguished tax compliance in the respective categories:
- Top taxpayer (large): Safaricom.
- Top taxpayer (medium): Premier Credit.
- Top taxpayer (small): Living Goods Limited.
- Corporation tax yield: Standard Chartered Investment Services.
- Most facilitative customer payer: Kenya Trade Network Agency.
- Top importer: UDV LTD.
- Top public sector agency: Teachers’ Service Commission (TSC).
- Top exporter: James Finley Mombasa.
- Top importer: Evergreen Logistics Company Limited.
- Most facilitative government agency in tax enforcement and recovery: Kenya Defence Forces.
- Top payer, Southern region: Diani Estate Limited.
- Top Payer, Central region: Consolata Hospital Nyeri.
- Top payer, Northern region: Dioceses of Marsabit Registered Trustees.
- Top payer, Western region: Busia Sugar Industry Limited.
- Top payer, North Rift region: The Noble Sacco Limited.
- Top payer, South Rift region: De Ruiter East Africa Limited.
In his speech at the Safari Park Hotel in Nairobi, President Kenyatta revealed that, despite the Covid-19 crisis affecting businesses last year, the Kenya Revenue Authority (KRA) exceeded its target.
Ordinary revenue has more than doubled, rising from Ksh.707 billion in the Fiscal Year 2011/12 to Ksh1.669 trillion in the Financial Year 2020/21. “This represents a 136% increase,” Kenyatta said in his speech at the 2021 National Taxpayers’ Day event.