I'll wake up at 4 am to watch Ronaldo
I'll wake up at 4 am to watch Ronaldo
I'll wake up at 4 am to watch Ronaldo
I'll wake up at 4 am to watch Ronaldo
Tax waiver has kicked off in Kenya.
Starting today, 1st July 2026, the tax amnesty introduced by the Finance Act, 2026 has officially taken effect.
• How does it work?
KRA shall delete your tax penalties, interest and non-compliance fines,
Provided you pay the principal (actual tax) due.
• What period does it cover?
It covers tax liabilities that arose on or before 31st December 2025.
Under one condition.
- You must clear the principal tax before 1st Jan 2027.
Example.
Say your actual tax bill for 2020 was Ksh 100,000.
You did not pay it because of cash flow challenges.
Over the years, penalties and interests have accumulated to Ksh 30,000.
If you pay the Ksh 100,000 before 2027,
KRA shall take the rubber, and erase the 30,000.
• One question many people are asking:
- Will KRA also waive the penalties for late filing of your 2025 tax return late?
The answer is: Yes.
• So what should you do?
• Check your iTax ledger immediately.
• Identify the principal tax outstanding.
• Pay the principal tax.
• Leave the penalties, interest and fines untouched.
KRA shall erase them.