Deadline for filing returns not extended, won’t be – KRA

July 1, 2016 5:16 pm
Shares
The Authority says about 1.7 million Kenyans met the deadline./XINHUA-File
The Authority says about 1.7 million Kenyans met the deadline./XINHUA-File

, NAIROBI, Kenya, Jul 1 – The Kenya Revenue Authority (KRA) has ruled out any extension for filling returns after the deadline lapsed on Thursday midnight.

KRA says taxpayers who did not file returns during the period will now face penalties of a minimum of Sh1,000 for individuals and Sh10,000 for companies or five percent of the net tax due.

Overview
  • KRA says taxpayers who did not file returns during the period will now face penalties of a minimum of Sh1,000 for individuals and Sh10,000 companies or five percent of the net tax due.
  • The Authority says about 1.7 million Kenyans met the deadline.

The Authority says about 1.7 million Kenyans met the deadline.

Penalties range from “the higher of 25 percent of tax due or Sh10,000 for employment returns. For turnover tax return – Sh5,000. In any other case, 25 percent of the tax payable under the return or Sh25,000 whichever is higher. For failure to submit a document other than a tax return, Sh1,000 for each day or part day of default but the total shall not exceed Sh50,000,” the Authority states.

Four million Kenyans are now registered on iTax compared to the two million last year.

Thursday registered the highest number of Kenyans filing with over 128,000 returns in a single day as they tried to beat the deadline.

“KRA commends taxpayers for turning up in large numbers to meet their tax obligation. This is a true show of patriotism that should be embraced more in the new financial year,” the Authority states.

The iTax Support Centres will continue to operate under normal working hours to assist those filing their returns late.

Shares

Latest Articles

Most Viewed