KRA waives Sh230bn in fines, interest for pardoned taxpayers

Times Tower in Nairobi, the Kenya Revenue Authority headquarters. FILE PHOTO | DENNIS ONSONGO | NMG

The Kenya Revenue Authority(KRA) projects that about 2.8 million taxpayers will get automatic waivers for accrued interest and penalties amounting to Sh230 billion at the end of the ongoing 10-month tax pardon in June 2024.

The beneficiaries will be companies and individuals who have paid principal taxes for the period ending December 2022, according to KRA guidelines for the partial amnesty which opened in September.

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Note: The results are not exact but very close to the actual.