SAFARICOM EMERGES TOP TAX PAYER

Safaricom’s chief executive officer, Peter Ndegwa (left) receives an award from the Kenya Revenue Authority commissioner, domestic taxes department, Rispah Simiyu (right) after emerging the top taxpayer in the country for the year 2020.
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Safaricom  has been named  the 2020 top taxpayer in the country under the large taxpayers category by the Kenya Revenue Authority (KRA)  for its outstanding contribution to the development of our economy through diligent payment of taxes. “We also acknowledge that this recognition of top taxpayer, which we have now won thirteen  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, chief executive officer, Safaricom. 

In the financial year 2020, 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 five years, the firm’s cumulative taxes have amounted to Kshs. 409 billion, including Kshs. 95 billion in dividends. Safaricom continues to implement measures to cushion customers and Kenyans at large from the negative impact of the Covid-19 pandemic. To that end, it   has contributed more than Kshs. 10 billion in money, goods and services to the fight against the pandemic. To ensure that the country stays connected, network stability remains a key pillar in supporting the usage in M-Pesa, voice, short message services and data.

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