- Kenya has introduced a tax amnesty through the Finance Act 2023
- The amnesty covers interest and penalties on tax debts
- It applies to individuals with penalties and interest but no principal taxes owed for periods up to December 31, 2022
- Those who pay their outstanding principal tax debt by June 30, 2024 are eligible for the amnesty
- The guidelines specify eligibility, exclusions, effective dates, and tax liabilities involved
- Only interest and penalties related to principal taxes up to December 31, 2022, are eligible for remission
- The tax amnesty began on September 1, 2023, and will run until June 30, 2024.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Kenya"
- Kenya High Court Exempts Payment Service Provider Commissions from VAT, Overturns Tribunal Ruling
- High Court Rules Digital Money Transfer Apps Exempt from VAT, Aligning with Bank Services
- Kenya High Court Rules Fintechs’ Payment Processing Commissions Exempt from VAT
- Kenyan Court Exempts Fintechs from VAT; Ghana Merges Telecoms to Challenge MTN’s Dominance
- Kenya KRA GavaConnect Reaches 1,000 Developers: eTIMS and VAT API Integration Announced
