Safaricom CEO Peter Ndegwa has addressed plans by the Kenya Revenue Authority to integrate its tax monitoring system with telecommunication companies in Kenya.
Speaking during an interview with Citizen TV’s Yvonne Okwara on Thursday, January 26, Ndegwa said Safaricom will be looking forward to engaging with the KRA before the proposal goes to Parliament for debate.
The KRA plans to set up its own systems to monitor telco transactions and expand the tax base, rather than relying on tax declarations made by the companies.
This engagement, he said, will help the company understand the implications of the proposal on their business and take any necessary steps to meet the requirements that are being proposed to Parliament.
“We’re a compliant corporate citizen. Last year Safaricom was declared the highest taxpayer for the tenth year in succession, we paid Sh125 billion,” he said.
Safaricom CEO Peter Ndegwa also addressed recent rumours about his potential departure from the company following the election of a new board chairman.
In the interview with Citizen TV, Ndegwa stated that the decision about his role at the company ultimately lies with the board and the new Chairman, Adil Arshed Khawaja, who was elected on Thursday.
