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KRA imposes fines for late filing of annual returns

kenya revenue authority kra, taxation, tax, revenue collection
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Kenyan Wall Street | by Jackson Okoth


Kenya Revenue Authority (KRA) will impose a penalty for firms and individuals who did not file their annual returns before the deadline.

Taxpayers will be charged for late filing of tax returns, pegged at KSh 2000 or 5% of the tax due, whichever is higher for individuals, while the penalty for Income Tax for Non-Individual is at…

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