The Kenya Revenue Authority (KRA) Commissioner General Humphrey Wattanga on Monday, October 02, announced that the tax authority will waive tax interest accrued on or before December 2022 if the principal tax is paid in full.
This initiative aligns with the Tax Amnesty Program outlined in the Finance Act of 2023.
Wattanga emphasized KRA’s commitment to improving voluntary tax compliance. He said that the Tax Amnesty Program is a crucial component of this effort as introduced through the Finance Act of 2023.
“In the spirit of giving back to taxpayers, we are calling on all individuals who have accrued interest on their taxes up to December 2022 to settle their outstanding principal taxes. By doing so, we will write off the penalties and interest that have accumulated,” Wattanga stated.
According to the provisions of the Finance Act 2023, the amnesty program will run from September 1, 2023, to June 30, 2024.
Interested parties can apply for the program through KRA’s iTax system.
Qualifying individuals include those who have incurred penalties and interest but have not paid their principal taxes for periods up to December 31, 2022, as well as individuals who have principal taxes with accrued interest and choose to pay the principal tax.
Additionally, the Act requires that applicants submit a payment plan proposal for settling any outstanding principal taxes as part of their application for amnesty.