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Kenya introduces tax amnesty for interest and penalties on tax debts

  • 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.

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