The Times Tower in Nairobi. It houses the KRA. [Photo/nation.co.ke]
The Kenya Revenue Authority has ruled out possibilities of extending the deadline for filing tax returns.
Commissioner for Domestic Taxes says four million Kenyans have registered on iTax which is double the two million that registered a year ago.
KRA is imposing penalties on those who missed the tax filing deadline. Those in employment are supposed to pay a 1,000 shillings fine if they file their tax returns this month.
Consequently, KRA informs taxpayers that according to the Tax Procedure Act 2015, Section 83, late filing of returns attract penalties as follows;
For employment returns, the higher of 25% of tax due or Ksh10, 000.For Turnover Tax return – Ksh5, 000.In any other case, 25% of the tax payable under the return or Ksh25, 000 whichever is higher.For failure to submit a document other than a tax return, Ksh1, 000 for each day or part day of default but the total shall not exceed Ksh50, 000.
In the last three months, KRA has trained over 40, 000 Kenyans on how to file their tax returns online.
Since January the Kenya Revenue Authority has been running aggressive public campaigns urging taxpayers to file their returns in time to avoid heavy penalties.
According to the head of the Domestic taxes operations southern region Michael Murambi, in the last one week they have been receiving more than five thousand tax returns applications daily.
The deadline for filing tax returns is June 30.