[Source: Business Daily, by John Mutua]
Individuals and businesses have until end of this month to apply for amnesty on defaulted taxes or risk seizure and auctioning of their property.
The Kenya Revenue Authority (KRA) last week gave the defaulters who owe an estimated Sh250 billion in tax arrears up to August 30 to apply for the waiver on penalties and interest.
Businesses and individuals seeking the waivers must meet the requirements in line with the Tax Procedures Act of 2015 that gives KRA’s Commissioner of Domestic Taxes power to waive penalties and interest…
