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One million people fail to file returns, face KRA fines

 Kenyans on the queue at Kenya Revenue Authority Mombasa head office in rush to file their tax returns.

Photo credit: File | Nation Media Group

What you need to know:

  • Companies pay a Sh10,000 penalty or five per cent of the tax payable in the year the return captures or whichever is higher.
  • The law requires anyone with a personal identification number to file returns irrespective of employment status.

Some 953,971 taxpayers did not file their returns with the Kenya Revenue Authority (KRA) by the June 30, 2024 deadline, exposing them to penalties by the taxman.

Official data from KRA shows that 8,046, 029 Kenyan taxpayers had filed their returns by June 30 against a targeted nine million.