in

KRA Clarifies Claims On Abolishing of Annual Returns, Confirms Systems Were Made Simpler

KRA
KRA Commissioner General John Njiraini(L) [PHOTO/ COURTESY]

Kenya Revenue Authority (KRA) has denied claims that the the new reconfigured iTax system will result in the abolishment of the annual tax returns for employed Kenyans.

KRA clarified that the tax returns would still be filed between the period of January to June but the process had been made easier.

“Please note that the information is wrong. PAYE returns are filed as usual,” KRA said in response to a taxpayer who sought information on the changes.

In the new system KRA explained that as opposed to prior occasions the information will be be keyed in an that that Kenyans will just have to review and confirm.

Employers who fail to deduct PAYE from the employee’s salary attract a Ksh. 10,000 fine or 25% of the amount of the tax involved.

Read:DPP To Appeal “Lenient” Sentencing Of Ex-Ministry Cashier Accused Of Stealing Sh12.9 Million

Media reports had earlier indicated that the Kenyans who were employed would not be required to file taxes and that the system would automatically adopt what the employer had submitted.

Email your news TIPS to news@kahawatungu.com or WhatsApp +254708677607. You can also find us on Telegram through www.t.me/kahawatungu

Written by Merxcine Cush

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading…

0

Comments

0 comments

Kenyan Family Stuck In Dubai After Authorities Confiscated Passports Over Sh1.5 Million Rent Arrears

KPL – Boni Khalwale Pledges To Find Way Out For Troubled AFC Leopards