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1.0.23

KRA Unveils Online Auction, Tax Amnesty

Fred
By Fred Obura
- October 02, 2023
- October 02, 2023
Kenya Business newsTaxation
KRA Unveils Online Auction, Tax Amnesty

The Kenya Revenue Authority (KRA) will today launch the Annual Taxpayer’s Month and unveil its online auction as well as the Tax Amnesty, as a way of giving back to taxpayers.

KRA celebrates the Taxpayers’ Month annually to appreciate compliant taxpayers for their patriotism in dutifully remitting their taxes in the financial year 2022/2023.

The event celebrated throughout the month of October, will be marked by customer-centric activities countrywide including taxpayer appreciation visits, taxpayer education, Annual Tax Summit and Corporate Social Responsibility (CSR) activities.

The Taxpayers’ Month also encompasses the launch of the online auction, which opens up the process to taxpayers countrywide. The auction was previously a physical event held in Nairobi and Mombasa.

In the spirit of giving back to taxpayers, KRA is also calling on taxpayers to take advantage of the Tax Amnesty, introduced through the Finance Act 2023. The amnesty factors in all taxpayers with penalties and interests accrued as at December 31st 2022. Taxpayers are from September 1, 2023 to June 2024 allowed to settle the principal tax and all their penalties and interests will be waivered.

The culmination of the 2023 Taxpayers’ Month will be a taxpayers’ award ceremony to be officiated by President Dr William Ruto. The award ceremony will recognize and honour distinguished taxpayers for upholding tax compliance in the year 2022.

The Taxpayers’ Month also acts as a platform to encourage citizens to be tax compliant, fund the national budget and make their contribution towards sustaining the economy.

The launch will be officiated by Cabinet Secretary for National Treasury & Economic Planning Njuguna Ndung’u, KRA Board Chairman Anthony Mwaura, KRA Commissioner General Humphrey Wattanga, among other guests from both private and public sector.

KRA Collects Sh135B More In FY 2022/23 – Kenyan Wallstreet

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