The Kenya Revenue Authority (KRA) has made the last call for individuals and businesses who are yet to apply for amnesty on defaulted taxes to do so before the end of August.
In a recent communication from the authority, the individuals have the whole of August to put the tax matter into perspective. Credible reports say that the affected owe the tax body close to Sh. 250 billion in tax arrears.
To apply for the waiver on penalties and interest, businesses and individuals must meet the requirements in line with the Tax Procedures Act of 2015 that gives KRA’s Commissioner of Domestic Taxes power to forego penalties and interest.
Under the law, individuals and businesses are mandated to table proof of financial distress that clearly outlines inability to pay the penalties and interest accrued. Consequently, they are at liberty to prove that KRA erred in slapping them with fines.
Further, KRA warned that it will demand for the full payment of penalties and interest accrued should the individuals and businesses fail to submit supporting evidence for the waivers ahead of the deadline.
Early this year, KRA announced its strategies to smoke out tax cheats and defaulters in a move that they hope will revamp their tax collections.