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KRA nets Kshs. 43.9 Billion from Tax Amnesty Scheme
June Records highest collection of Kshs. 15.1 Billion.
By Monica MUEMA
Kenya Revenue Authority (KRA) has collected Kshs. 43.9 Billion from 1,064,667 taxpayers who heeded the tax amnesty programme that ended on 30th June 2024 .
Through the tax amnesty programme, KRA waived penalties and interest amounting to Kshs. 507.7 Billion benefiting 3,115,393 taxpayers. The waivers include those that were offered automatically after taxpayers filed their returns, declared and paid their principal taxes.
The amnesty programme which ran between 1st September 2023 and 30th June 2024 provided a much-needed relief to taxpayers with outstanding tax obligations and was most successful in the month of June 2024 when KRA recorded the highest collection of Kshs. 15.1 Billion.
The Finance Act, 2023 introduced the tax amnesty programme which allowed taxpayers to apply for amnesty of penalties and interests on tax debt for periods up to 31st December 2022. This followed the repeal of the provisions on abandonment and waivers of penalties and interest.
Under the amnesty programme, taxpayers were only required to pay the principal tax amount of their outstanding tax debts.