Avoid last-minute rush to gain from tax amnesty window

TEA120823TAX

Taxpayers must arrange their finances quickly so that they can pay all their principal taxes for up to December 31, 2022. PHOTO | SHUTTERSTOCK

Kenyans are accused of being last-minute. I hope that this will not be the case with the tax amnesty programme.

The programme which was introduced through Finance Act, 2023 has a short window considering that the end date is 30 June 2024. You may think that there is enough time for taxpayers to examine their tax affairs, apply for a waiver of penalties and interest, negotiate for payment plans with the Kenya Revenue Authority (KRA) and pay outstanding principal tax but this is not the case.

PAYE Tax Calculator

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