Press Release.
1.7 million Kenyans met the deadline for filing their returns by yesterday midnight (June 30, Thursday, 2016).Kenya Revenue Authority commends taxpayers for turning up in large numbers to meet their tax obligation.
This is a true show of patriotism that should be embraced more in the new financial year.
The Authority would like to reiterate that the deadline for filing returns has not been extended and will not be extended.
Consequently,Kenya Revenue Authority informs taxpayers that according to the Tax Procedure Act 2015, Section 83, late filing of returns attract penalties as follows;
• For employment returns, the higher of 25% of tax due or KSh 10, 000.
• For Turnover Tax return – KSh 5, 000.
• In any other case, 25% of the tax payable under the return or Ksh 25, 000 whichever is higher.
• For failure to submit a document other than a tax return, Ksh 1, 000 for each day or part day of default but the total shall not exceed KSh 50, 000.
Taxpayers should seek to know the specific penalty that applies to them.
iTAX Support Centers will continue to operate under normal working hours to assist those filing their returns late.
iTax was introduced by the taxman as a means of getting a 360 degrees view of thee taxpayer in an effort to enhance tax compliance.
No comments:
Post a Comment