KRA Collects Ksh 3.4 Billion From Tax Amnesty Program

Kenya Revenue Authority (KRA) has so far collected Ksh 3.4 Billion from the ongoing tax amnesty program. Speaking during a media round table, Chief Manager Domestic Taxes Department Ms Caroline Rotich said that more than 17, 000 taxpayers have so far applied for tax amnesty and are expected to remit Ksh 10.5 billion.

“More than 17,000 taxpayers have applied for the tax amnesty which commenced on 1st September 2023, and we expect the number to immensely grow as we continue to create awareness amongst taxpayers.” Said Ms Rotich.

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KRA has identified 2.8 Million taxpayers who have penalties and interest and qualify for the tax amnesty program. The amnesty program will allow KRA to waive Billions from the taxpayers. Qualified taxpayers will be entitled to an automatic waiver of the penalties and interest related to that period and will not be required to make an amnesty application.

Read Also: KRA’s Tax Amnesty: Empowering Taxpayers For A Win-Win Scenario

KRA has urged taxpayers who have pending objections and court cases to consider out-of-court settlements with the Authority to allow them to benefit from the tax amnesty program. KRA has developed an Alternative Dispute Resolution (ADR) framework, which is an alternate means of resolving tax disputes outside the judicial process. KRA encourages concerned taxpayers to leverage this program for faster mutual, objective, and efficient resolution of tax disputes.

Through the Finance Act 2023, KRA has introduced a tax amnesty program that allows taxpayers to apply for a waiver of penalties and interest accrued until December 31, 2022. Through this program, taxpayers will only be required to pay the principal tax amount of outstanding tax debts. KRA is anticipated to collect over Ksh 51 billion from the debts accrued in the period.

Read Also: KRA’s Generous Gift This Taxpayers Month: Tax Amnesty Wipes Away Interest And Penalties Up To Dec 31, 2022