The Kenya Revenue Authority (KRA) has launched a WhatsApp chatbot named 'Shuru' to onboard an estimated 22.6 million potential new taxpayers and simplify tax filing processes.

• The KRA aims to increase taxpayer compliance by leveraging WhatsApp, Kenya's most popular messaging platform with approximately 40 million users.
• Key figures include George Obell, Commissioner for Micro and Small Taxpayers at the KRA, who highlighted the focus on adults with PINs but currently non-taxable income.
• The chatbot offers services like tax payments, return filing, and PIN checks, aiming to reduce physical visits to KRA offices and ease the filing burden.

Kenyan bankers are advocating for a reduction in Pay As You Earn (PAYE) taxes as a strategic move to stimulate consumer spending.

• The Kenya Bankers Association is leading the push for these tax cuts.
• The primary goal is to increase the disposable income of consumers, thereby boosting economic activity.
• This proposal comes amid ongoing discussions about economic recovery and strategies to improve household financial capacity.

Struggling pension scheme Telposta Pension Scheme is planning a significant KSh 10 billion asset sell-off to address its financial difficulties.

• The scheme aims to raise KSh 10 billion through the sale of its assets.
• The Telposta Pension Scheme is the organization facing financial challenges.
• This move is intended to rescue the pension scheme from its current struggles.

The Kenya Revenue Authority (KRA) has introduced a new WhatsApp service aimed at simplifying tax filing and improving compliance for taxpayers across Kenya.

• The new system allows taxpayers to file their returns conveniently via WhatsApp.
• The initiative by the Kenya Revenue Authority seeks to boost tax compliance rates.
• This digital step is expected to offer greater convenience to taxpayers by simplifying the filing process.