“When I was your age, I survived a pandemic and didn’t leave my house for two years. You will be okay if you stay in tonight.”
Finally, we have a line to use for future kids 😭😭😭
If you missed the June 30 tax filing deadline, you could still have your penalties and interest waived under KRA's new tax amnesty.
This will only apply if you pay the principal tax owed for liabilities that arose on or before December 31, 2025.
Stop blaming people when KRA is spending billions of shilling outsourcing itax system to an Indian company. The system should be available. Isn't 1155pm not within the deadline?
MPs have opposed a plan to cap payouts for members of collapsed Saccos at Sh100,000.
They say many Kenyans could lose a big part of their savings and want the payout limit raised.
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.
Before you read this, take a glass of water.
Starting today, 1st July 2026, the Finance Act, 2026 has removed excise duty tax from your drinking water.
• Bottled and other similarly packaged waters will no longer attract excise duty.
Previously, you paid Ksh 6.41 in excise duty for every litre of packaged water you bought.
That has now come to an end.
In effect, this means:
• No putting KRA stickers in water.
• Lower production costs for water manufacturers.
• Less tax compliance. Water businesses no longer need to activate stickers or file monthly excise duty tax returns.
Businesses now have more room to either:
• Reduce water prices
Or
• Retain current prices and earn higher profits.