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The move is aimed at improving tax collections as well as enhancing safety standards by deterring counterfeits in the country./FILE

Finance

Timely filing of tax returns improves by 75pc in 2017

Officials at the Kenya Revenue Authority (KRA) say the number is expected to go up as taxpayers make efforts to meet the deadline in the last minute rush/FILE

NAIROBI, Kenya, Jun 30 – About 2.1 million Kenyans have so far filed their tax annual returns through the iTax system ahead of Friday midnight deadline.

This is a 75 percent increase compared to the 1.2 million numbers who filed returns same period last year.

Officials at the Kenya Revenue Authority (KRA) say the number is expected to go up as taxpayers make efforts to meet the deadline in the last minute rush.

The KRA iTax system has been receiving approximately 90, 000 returns daily since the process began compared to the 70, 000 returns recorded same period last year.

Individuals who will fail to file annual returns by midnight face a fine of five per cent of the tax due or a maximum of Sh20, 000.

Taxpayers who are having challenges in filing returns have been urged to seek assistance at the iTax Support Centres across the country.

KRA has 24 iTax Support Centres and has a presence in 37 Huduma Centres throughout the country.

The iTax System gives taxpayers the luxury of filing returns from the comfort of their homes or offices at any hour of day or night.

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