KRA Abbreviation

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Popular abbreviations of KRA:

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What does KRA mean?

Kenya Revenue Authority has been authorized to collect revenue on behalf of the Kenya Government. The authority was established on 1st July 1995, by an Act of Parliament.

The authority’s headquarters lies in the largest city of Kenya, in Times Tower in the central business district of Nairobi.

The KRA has 41 tax services, 43 service centers, and 52 Huduma Centers. The KRA representative is available in every office and huduma center.

The Board of Directors takes all the necessary decisions that have to be implemented by the KRA management. The Board of Directors consists of both the public and private sector experts.

The President of the Kenya Republic appoints the chairman of the Board, whereas the Minister of Finance appoints the Chief Executive of the authority.

The core functions of KRA

• The KRA collects and assesses accounts based on the provision of the written law.
• The Minister directs the KRA to perform all the functions relating to the revenues.
• All the core businesses like trade facilitation, border control, and revenue collection are done under the written law provisions.
• Advice to the administration relating to a matter of revenue has to be done under the written laws

The latest technology Systems KRA uses are:

• Regional Electronic Cargo Tracking System: The RECTS helps monitor the cargo in the Northern corridor. It has enhanced security and assisted in the better movement of goods.
• Integrated Tax Management System: It enables the taxpayer to file a return. And update tax registration details with the real-time monitoring of their accounts.
• Integrated Customs Management System: It helps streamline customer and manual operations.