Many multinational employees are stuck in India as several countries are not allowing Indians to fly back. In other cases, some NRIs want to stay with their families in India at a time when the Covid situation is getting worse.
KRA Tightens Screws to Catch Kenyans Filing False Returns
A Kenya Revenue Authority (KRA) signage on a building
File
The Kenya Revenue Authority (KRA) has moved to tighten screws aimed at capturing and punishing Kenyans who file incorrect or incomplete information in their returns.
The proposed drastic measures are captured in the Finance Bill that is before Parliament. The proposed law is set to review a number of taxation laws and curb fraud and tax avoidance cases.
If passed, taxpayers will be liable to a Ksh 100,000 fine for every wrong filing they make to KRA. A person who makes a false statement or omits any information required to be included in an information return under 6B shall be liable to a penalty of Ksh 100,000 for each such false statement or omission to imprisonment for a term not exceeding three years, says the bill.
Thousands to miss services as KRA blocks PINs access
Tuesday May 04 2021
Summary
The Kenya Revenue Authority (KRA) Monday gave the taxpayers up to June 3 to file their returns or have their PINs deregistered as part of a wider plan to smoke out tax cheats.
The taxman has been pursuing businesses and individual taxpayers, mostly high-net-worth persons, that owe it nearly Sh250 billion.
More than 62,000 individuals and an unknown number of businesses will be blocked from accessing critical public services as the taxman moves to punish tax cheats with the termination of personal identification numbers (PINs).
The Kenya Revenue Authority (KRA) Monday gave the taxpayers up to June 3 to file their returns or have their PINs deregistered as part of a wider plan to smoke out tax cheats. The taxman has been pursuing businesses and individual taxpayers, mostly high-net-worth persons, that owe it nearly Sh250 billion.
KRA Issues Warning Notice to Kenyans who Fail to File Tax Returns
Kenyan taxpayers who fail to file their tax returns before the June 30 deadline will lose their Kenya Revenue Authority (KRA) pins, the tax man has warned.
In a public notice published in the dailies on Monday, May 3, KRA said they will deregister Personal Identifications Numbers (PINs) of taxpayers who fail to file their respective tax returns without showing cause after the lapse of a 30-day window.
“
Kenya Revenue Authority (KRA) would like to notify the public that taxpayers who are registered under the Value Added Tax (VAT) Act, 2013, and the Income Tax Act, CAP 470 Laws of Kenya are required to file their returns under the respective laws.