KRA GIVES TAX DEFAULTERS 15 DAYS TO PAY UP

THE Kenya Revenue Authority (KRA) has served notices to thousands of tax defaulters, asking them to pay up outstanding penalties within 15 days or face aggravated penalties and interests on amounts due.
“Please make payments within 15 days, failure to which the amounts will attract collection enforcement measures,” the taxman warned in letters sent out in the last two weeks.
The notices came even after some taxpayers complained of being targeted despite having filed their returns on time and did not have any outstanding dues, raising the prospects of disputes with the taxman.
ENDS// Business Daily.
“Please make payments within 15 days, failure to which the amounts will attract collection enforcement measures,” the taxman warned in letters sent out in the last two weeks.
The notices came even after some taxpayers complained of being targeted despite having filed their returns on time and did not have any outstanding dues, raising the prospects of disputes with the taxman.
KRA has however said the default notices served are system-generated for periods and in instances where a taxpayer has not a tax return by the due date as defied in law.
KRA recently rolled out a system that tracks taxpayers’ outstanding debt (principal, penalties and interest amounts) which are then assigned to officers for follow up and recover.
This comes in a bid where KRA has been tasked to raise enough revenue to finance government Sh2.97 trillion budget. This is according to information released to.
ENDS// Business Daily.