Safaricom recognised as the top taxpayer in the country by the KRA

Safaricom has been awarded the 2020 top taxpayer in the country under the Large Taxpayers category by the Kenya Revenue Authority (KRA), a ceremony that took place at the Michael Joseph Centre, Nairobi.

KRA, the agency responsible for the efficient assessment and collection of revenue (taxes) on behalf of the Government, honoured Safaricom for “outstanding contribution to the development of our economy through diligent payment of taxes.”

(TOP: Safaricom CEO, Peter Ndegwa – left – receives an award from the KRA Commissioner, Domestic Taxes Department, Rispah Simiyu – right. Safaricom received the recognition trophy for the top taxpayer in the country for the year 2020 at Michael Joseph Centre, Nairobi).

“We also acknowledge that this recognition of top taxpayer, which we have now won 13 years in a row, is a result of our commitment to make a difference by supporting the economy through job creation, duties and taxes and meaningful partnerships,” said Peter Ndegwa, CEO, Safaricom.

In the 20 financial year, Safaricom paid Kshs 98 billion in duties and taxes, in addition to Kshs 20 billion in dividends to the Government of Kenya. Over the same period, Safaricom sustained more than one million jobs directly and indirectly and spent Kshs 58 billion with local suppliers.

In the past 5 years, the firms’ cumulative taxes have amounted to Kshs 409 billion, including Kshs 95 billion in dividends.

“We are here today with the blessings of His Excellency the President, to present you with the award for the Top Taxpayer of the year 2020. This award represents His Excellency’s recognition for Safaricom as the Top Taxpayer for having demonstrated highest tax revenue and exceptional compliance in payment and filing across all tax heads,” said Dr. Rispah Simiyu, Commissioner, Domestic Taxes Department, KRA.

Safaricom continues to implement measures to cushion customers and Kenyans from the negative impact of the COVID-19 pandemic and has contributed more than Kshs 10 billion in money, goods and services to the fight against the COVID-19.

To ensure that the country stays connected, network stability remains to be a key pillar in supporting the usage in M-PESA, voice, SMS and data.

Safaricom is committed to support the government during these unprecedented times and urges the government to balance revenue recovery with encouraging business renewal and growth as we look ahead to the post-pandemic revival of the economy.


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