KRA extends olive branch to tax evaders

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Economy

Sunday August 08 2021

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By JOHN MUTUA

Extra by this Creator

Summary

  • Companies and folks suspected of tax evasion will observe for reduction on penalties by way of the iTax portal because the Kenya Earnings Authority (KRA) eases the software program task and ropes in extra taxpayers.
  • Commissioner for Home Taxes Rispah Simiyu told Industry Day-to-day that the taxman has automated the amnesty programme.

Companies and folks suspected of tax evasion will observe for reduction on penalties by way of the iTax portal because the Kenya Earnings Authority (KRA) eases the software program task and ropes in extra taxpayers.

Commissioner for Home Taxes Rispah Simiyu told Industry Day-to-day that the taxman has automated the amnesty programme.

“Uptake has been low, likely due to incapacity by taxpayers to lodge their functions on iTax. With the formula now automated, it’s anticipated that the uptake will enhance since it’s convenient and simple to lodge a Voluntary Tax Disclosure Programme(VTDP) software program on-line,” she stated.

Taxpayers for the previous seven months were manually making utilize of for the amnesty. The KRA stated the leisurely task has slowed down the efforts to task hundreds of applicants.

The amnesty is a three-year programme wherein the KRA has supplied as a lot as 100 per cent ardour and penalties waiver on taxes that hold no longer been paid in five years.

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