The New KRA Tax Amnesty 2025
Hey Kenyans! Big news for tax payers to kickstart your new year! KRA tax amnesty 2025 is in effect, offering a chance to clear outstanding tax debts and eliminate penalties and interest accrued up to December 31, 2023. This is a game-changer for taxpayers looking for financial relief. This is a significant opportunity for financial relief. This post breaks down everything you need to know to take advantage of this amnesty.
Last year more than 500,000 Kenyan tax payers benefited from the tax amnesty and had the opportunity to start on a clean slate. This is your chance.
What is KRA Tax Amnesty?
The Tax Procedures (Amendment) Act, 2024 has introduced a tax amnesty program allowing taxpayers to settle outstanding principal taxes and have related interest, penalties, and fines waived. This initiative by the Kenya Revenue Authority (KRA) provides a limited-time window for taxpayers to get their tax affairs in order.
Key Dates & Deadlines For The KRA Tax Amnesty 2025
- Amnesty Period: The amnesty period runs from December 27, 2024, till June 30, 2025
- Tax Debt Eligibility: Debts accrued up to December 31, 2023. This implies that the amnesty covers any tax obligation that was accrued up to December 2023. The tax amnesty does not apply to any tax obligation accrued during the year 2024.
Who Qualifies for the KRA Tax Amnesty 2025?
- Taxpayers who have fully paid their principal taxes due by December 31, 2023: You automatically qualify for a waiver of related penalties and interest. No application is necessary for this category of tax payers, the tax amnesty shall be applied automatically!
- Taxpayers with outstanding principal taxes: They can apply for the amnesty and propose a payment plan for the outstanding principal amounts, which must be paid by June 30, 2025.
How to Apply for the Tax Amnesty:
If you have outstanding principal taxes, you’ll need to apply to the Commissioner for the amnesty. This involves proposing a payment plan to settle the outstanding principal taxes by the June 30, 2025 deadline. Contact the KRA for specific application procedures. You can also visit your regional KRA office for further advice or consult your auditor or accountant. Smart Catalyst are also available to help you on this matter.
Benefits of the Tax Amnesty:
- Financial Relief: Eliminate the burden of accumulated interest and penalties.
- Clean Slate: Start fresh with your tax obligations and get a tax compliance certificate which is vital to your business or as an individual especially as a reference point to meeting your tax obligations.
- Avoid Further Penalties: Take advantage of the KRA Tax Amnesty 2025 to prevent further accumulation of interest and penalties.
This KRA tax amnesty 2025 is a significant opportunity for Kenyan taxpayers to resolve outstanding tax issues and achieve financial stability. Don’t miss this chance to take advantage of this limited-time offer.
Visit your itax account to figure out if there are outstanding tax obligations to be settled – Click Here
Check out Smart Catalyst for more insightful business information – Click Here
KRA Contacts
For any clarification or further guidance, taxpayers are advised to visit the nearest Tax Service Office (TSO) or reach KRA through
Tel: 254(020) 4 999 999, +254 (0711) 099999/
Email: callcentre@ kra.go.ke
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