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Explain the following: (a) Role of the revenue authority in a country

      

Explain the following:
(a) Role of the revenue authority in a country

  

Answers


Wilfred
- To be a watchdog for government agencies e.g. Ministries of health, finance etc by controlling exit and entry points to the country to ensure that prohibited or illegal goods do not pass through Kenya boarders.
- To advice on matters pertaining to the administration and collection of revenue under the written law
- To administer and to enforce written laws or specified provisions of written laws pertaining to assessment, collection and accounting for all revenues in accordance with these laws.
- To eliminate tax evasion by simplifying and stream lining procedures and improving tax payers' service and education thus increasing the rate of compliance.
- To restore economic independence and sovereign pride of Kenya by eventual eliminating the perennial budget deficit by creating organization structures that maximize revenue collection.
- Ensure protection of local industries and facilitate economic growth through effective administration of tax laws relating to trade.
- To facilitate economic stability and moderate cyclic stability in economy by providing effective tax administration as an implementation instrument of the fiscal and stabilization policies.
Wilfykil answered the question on February 13, 2019 at 08:26


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