by Cynthia Maende
Reading Time: 3 mins read
KRA Signage. PHOTO/ Courtesy.
Did you know that you can apply for tax amnesty to the Kenya Revenue Authority ( KRA ) through the iTax?.
Accessible through the iTax portal, these guidelines give the process for individuals and business alike to apply for the tax waiver.
First, taxpayers are encouraged to log on to the iTax portal and navigate to the debts and enforcement menu.
After that individuals are supposed to select the ‘iTax Application’ option.
Once initiated, taxpayers are guided through a series of selections, beginning with the identification of the specific tax obligation, such as Value Added Tax (VAT), under section ‘A’.
The system automatically populates relevant details pertaining to the selected obligation.
Users then have the option to add all undisputed obligations and proceed to ‘Section B’.
In the subsequent step, taxpayers can propose the number of instalments and their frequency, with the system computing the amount per instalment accordingly.
By agreeing to the terms and conditions and submitting the application, taxpayers complete the process.
Upon submission, the iTax system generates an acknowledgment of the amnesty application, outlining the agreed-upon terms and payment plan.
To fulfill their obligations, taxpayers can easily generate a payment slip for the respective tax obligation and period through the iTax platform.
Payments can be made via bank transfer or Mpesa Paybill 222222.
Once payments are received and processed by the iTax system, taxpayers will receive confirmation, and their dues will be appropriately vacated, providing them with a fresh start in their tax compliance journey.
This initiative by the KRA aims to encourage voluntary compliance, alleviate the burden of outstanding tax liabilities, and foster a culture of transparency and accountability among taxpayers.
With the streamlined process available through iTax, individuals and businesses can navigate their tax responsibilities with greater ease and efficiency, contributing to the overall economic growth and development of the nation.
The finance Act, 2023 introduced the tax amnesty programe that could allow taxpayers to apply for waiver of penalties and interest accrued for periods up to December 31, 2022.
The tax amnesty was to run from September 1, 2023, to June 30, 2024.
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Meet Cynthia Maende, a dynamic media professional at The Kenya Times, with a passion for keeping the public informed through compelling storytelling. My journey in the media landscape began as an attaché in the Digital department at TV47, where I honed my skills in writing and publishing engaging news stories. My contributions extended beyond the digital realm, with published letters and opinion articles in mainstream media outlets. As a skilled social media manager, I excel at crafting and delivering digital content that captivates audiences. My commitment to effective communication extends to my evolving role as an upcoming photographer still in training. I passionately believe that a picture has the power to convey a narrative more potent than a thousand words. Join me on this exciting journey as I continue to make waves in the dynamic world of media and storytelling. You can reach me at cynthia.maende@thekenyatimes.com
