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January 10, 2023 1:37 am

Kinlark-nafas Nafasi

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The Kenya revenue authority is responsible for all the operations that govern the paying and collection of taxes in the country. It is good that the government gets the right type of people to work in the organization so as to get better ways of improving the tax system in the country. The following list comprises some of the major duties of the KRA.

Collection of taxes

The body is responsible for tax collection through a variety of procedures. The body has employed several people to cater for the process. Money is collected in the various business institutions and continues to be important for the government to achieve stable growth in its economic sector. Tax collection is the greatest source of revenue for the country.

Training Officials

New officials in the organization are well trained by the body to have well and various techniques on how they can operate and earn money for the country. Well trained officials make it easy for the country to achieve stable economic growth hence benefiting the tax system. Good experts are found by getting the right type of training upon joining a particular firm.

Determining taxation rates

The body is responsible for determining the amount of taxes to be paid by each body in the country. When the government notes some fluctuation in business, it will try to get the help of KRA officials and calculate the rates that can apply to various business operations and find a stable and convenient way of having a flexible tax system.

Allocation of licenses

Businesses cannot operate without licenses and hence they need to get reliable licenses from the body to be allowed to get and be allowed to venture into business. It is important for one to have the document to be allowed to carry out trade and earn money by have legal businesses.

About the Author

Kinlark-nafas Nafasi

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Born amidst the bustling economic hub of Nairobi, Kinlark Nafasi's story is deeply rooted in the entrepreneurial spirit that defines Kenya's capital. As a young boy, Kinlark's inquisitiveness was piqued by the vibrant business activities around him, from the busy street vendors to the towering corporate offices that painted the city's skyline.

This early intrigue was the catalyst for his academic pursuits at one of Kenya's top universities, where he majored in Business Administration. While in university, Kinlark's natural flair for articulating complex business concepts and trends became evident. His articles, often peppered with astute observations and data-driven insights, caught the attention of not just his professors, but local business periodicals as well.

Upon graduation, Kinlark quickly established himself in the world of business journalism. His deep understanding of the African market dynamics, combined with a global perspective, made his writings invaluable. He covered a wide array of topics, from the challenges faced by startups in Nairobi to the macroeconomic policies shaping the East African community.

Kinlark's articles have since been published in renowned international business journals, earning him a reputation as a leading voice on African business matters. Beyond journalism, he has been instrumental in organizing business forums and conferences, fostering a dialogue between entrepreneurs, policymakers, and investors.

Today, Kinlark Nafasi continues to chronicle the evolving business landscape of Kenya and Africa as a whole. Through his writings, he endeavors to inspire the next generation of African entrepreneurs while providing critical insights to investors and business leaders worldwide.