Kenya: Over 400,000 Kenyans Benefit From KRA's Tax Amnesty Programme

2 April 2024
Capital FM (Nairobi)
By Wangechi Purity

Nairobi — Over 400,000 Kenyans have as of March 26 this month benefited from the Kenya Revenue Authority's (KRA's) Tax Amnesty Programme.

The Authority noted that the waiver is only applicable to taxpayers with penalties and interest with no principal taxes owing and those with unpaid principal tax accrued up to December 31, 2022.

"The tax amnesty applies to periods up to December 31 2022, on condition that all outstanding principal taxes are settled and all pending or unfiled returns are filed," stated KRA.

KRA introduced the initiative last year following the passage of the Finance Act, 2023, targeting to reduce the overall debt portfolio through debt collection and increase the revenue collected from amnesty.

It aims to increase the filling rate and encourage more taxpayers to opt for alternative dispute resolution.

KRA, however, warned that after June 30, 2024, any penalties and interest related to unpaid principal tax or unfilled returns will not be vacated.

"If you have outstanding principal tax, reach out to a KRA to guide you on a flexible payment plan. There will be no Amnesty, Waiver, or write-offs on penalties and interests after June 30 2024. Act Now!," KRA warned.

Read the original article on Capital FM.

Tagged:
Copyright © 2024 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.