The Kenya Revenue Authority (KRA) has announced a tax amnesty on interest and penalties accumulated by taxpayers on their tax debt for the period up to 31st December 2022
According to KRA, the tax amnesty is set to run from September 1, 2023, to June 30, 2024.
In a statement seen by The Kenya Times, the taxman stated that Finance Act, 2023 introduced the tax amnesty to ease the burden on taxpayers and enhance compliance.
“We would like to notify taxpayers that the Finance Act, 2023 introduced a tax amnesty on interest and penalties on tax debt for periods up to 31 December 2022,” KRA stated.
KRA on Implementing the Tax Amnesty
Moreover, the Kenya Revenue Authority explained how it will implement the tax amnesty, stating that a taxpayer will be entitled to an automatic waiver of the penalties and interest related to that period if he/she has paid all the principal taxes that were due by December 31, 2022.
Likewise, the individual will not be required to make an amnesty application.
Consequently, one will be required to apply to KRA for amnesty on interest and penalties if they have not paid all principal taxes accrued up to December 31, 2022.
The taxpayer will also propose a payment plan for any outstanding principal taxes which should be paid not later than 30th June 2024.
Finance Act 2023
Aside from introducing the tax amnesty, the Finance Act 2023 also got rid of the tax waiver and abandonment provisions.
Therefore, the commission urges taxpayers to take advantage of the tax amnesty.
In the statement, the taxman called on taxpayers to visit their nearest Tax Service Office to make payment arrangements for outstanding principal taxes and for any further clarification.
“Taxpayers may access the “Guidelines on Tax Amnesty” on the KRA website or reach us through Tel: 254(020) 4 999 999, +254 (0711) 099999/Email: callcentre@kra go.ke for more information,” the statement reads in part.