The filing season for 2017 income tax returns is in its final stretch, with less than a month left before the exercise officially comes to a close on 30th June, 2018.
According to the Kenya Revenue Authority, more than 1.3 Million individual income tax returns for both resident and non-resident taxpayers have been filed on the iTax platform between 1st January and 5th June, 2018. This is a great improvement compared to last year when less than 400,000 tax returns had been filed between January and April.
The authority has urged taxpayers who are yet to submit their returns to do so as early as possible to avoid being caught up by the deadline. Early filing of returns also helps avoid the penalty for late filing. The penalty for late submission of an income tax return for an individual is KSh. 20,000 as stipulated in the Tax Procedures Act 2015.
KRA also noted that it has extended working hours at its contact centre from 6 AM to midnight, from Monday to Friday.