3rd Annual KRA Tax Summit
Kenya Association of Manufacturers participated in the 3rd Annual Tax Summit from 29th – 1st December 2017. Under the theme ‘Rethink, Remodel and Rebuild’, the summit sought to enhance tax systems for sustainable economic development.
Speaking during the session, KRA Commissioner General, Mr. John Njiraini noted that KRA is investing in technology to help solve all inconsistencies highlighted by our stakeholders, and to enable data and intelligence sharing. “Paying taxes moved up 33 positions to position 92 in the Doing Business 2018 due to technological advances,” added Mr. Njiraini.
The summit featured sessions on transfer pricing and illicit financial flows, how to optimize big data and advanced analytics for enhanced tax administrative, enhancing customs systems for efficiency in trade facilitation, combating illicit trade of excisable products and netting the informal and MSME Sector among others.
KAM meets EAC Affairs PS on the Intellectual Property Rights Regime
Kenya Association of Manufacturers, led by the CEO, Ms. Phyllis Wakiaga, meet EAC Affairs PS. Ms. Betty Maina to discuss the recommendations of the Intellectual Property Rights Regime in the EAC Report.
KAM Chief Executive, Ms. Phyllis Wakiaga noted that illicit trade affects manufacturing value-add industries in Kenya and the EAC, erodes the market share of genuine manufactured products, threatens expansion and survival of industries and hampers creation of job opportunities.
“KAM initiated the study on the status of intellectual property rights (IPRs) within the EAC with a view of identifying gaps and recommending the best practices to eliminate illicit trade and counterfeiting activities in the region,” added Ms. Wakiaga.
The report aims to enhance regional protection of IPRs, as a contributor to achieving the industrialization agenda.