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KRA issues deadline on tax defaulters’ interest waiver

kra
kra

What you need to know:

  • Businesses and individuals seeking waivers must meet the requirements.
  • KRA intensified efforts to smoke out defaulters in its race against time to stem its perennial missed collection targets.

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 said the affected, who owe an estimated Sh250 billion in tax arrears,  have up to August 30 to apply for the waiver on penalties and interest.