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Home»Business»KRA tax waiver hits Ksh 158B
Business

KRA tax waiver hits Ksh 158B

By Ronald OwiliApril 16, 2025No Comments2 Mins Read
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KRA tax waiver hits Ksh 158B
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The Kenya Revenue Authority (KRA) says tax waiver under it’s amnesty programme has hit Ksh 158 billion.

The Tax Amnesty Programme which begun in December 27, 2024 has so far benefited 2.9 million taxpayers whose tax penalties, fines and interests have been forgiven.

“The Tax Amnesty Programme provides an opportunity for taxpayers to clean their tax records through offering a waiver on penalties, interest and fines for tax debts accrued up to 31st December 2023,” said Rispah Simiyu, Commissioner, Large and Medium Taxpayers.

According to Simiyu, since the rollout of the programme KRA has also collected Ksh 10.9 billion in principal tax payments.

The authority is banking on the programme which ends in June 30, 2025 to help taxpayers resolve past tax issues and regularise their tax compliance.

“It offers a unique chance to settle tax matters on favourable terms and to move forward on a clean slate,” she added.

KRA says under the programme, taxpayers without outstanding principle taxes up to December 31, 2023 will automatically qualify for the waiver.

However taxpayers with debts arising from January 1, 2024 and after do not qualify for amnesty and will have to pay all penalties, interest, and principal taxes for debts incurred after the ser date.

Published Date: 2025-04-16 09:32:29
Author: Ronald Owili
Source: News Central
Ronald Owili

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