KRA to offer 100% waiver on penalties during taxpayers’ day
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The Kenya Revenue Authority (KRA) has offered a 100% waiver on penalties to Kenyans during the Taxpayers' Day
The Kenya Revenue Authority (KRA) has offered a 100% waiver on penalties to Kenyans during the Taxpayers’ Day.
Kenyans stand a chance to smile during this year’s Taxpayers’ Day as the Kenya Revenue Authority (KRA) will be offering 100 percent waivers to individuals having penalties and interests owed to the revenue collector.
Speaking to the press, KRA South Rift regional coordinator Alice Kiptoo said the government’s principal revenue collector will use the day to recognize businesses and individuals who have been tax-compliant.
Taxpayers Day will be held at Nakuru State House for the first time on Friday, October 27.
“Additionally, KRA will offer an amnesty to individuals owning the revenue collector penalties and interests accrued up to 2022. All they have to do is visit the KRA website and apply for the waiver, and we shall process it automatically,” Kiptoo said.
Kiptoo explained that defaulters will required to pay the principal amount, and they will get a 100% waiver on penalties and interest.
KRA’s deputy commissioner of marketing and communication, Grace Wandera says, this event will be the 18th edition of the Taxpayers’ Day celebrations.
Noting that the event is meant to recognize taxpayers who have contributed immensely towards the growth of national development.
“As the revenue collector, we have proposed to thank the taxpayer. We will be recognizing individuals from about 23 categories,” says Ms. Wandera.
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In line with recognizing the economic centers across the country and their contribution to the national basket, KRA will be going to different counties annually starting with Nakuru this year.
This comes after KRA also announced the introduction of the tax amnesty on interest and penalties accrued to late payment and filing of tax returns.
Tax amnesty applies to taxpayers with penalties and interest but has no principal taxes owing for periods up to December 31, 2022.
A taxpayer with principal tax accrued up to December 31, 2022, but pays the outstanding principal tax debt by June 30, 2024, will also be eligible for the waiver.
As a result, the taxman has collected KSh 3.4 billion from the 10-month programme that began in September 2023.
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