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๐จ 2025 Income Tax Filing Update
The Kenya Revenue Authority (KRA) has introduced major changes for the 2025 filing season.
๐Read here to stay ahead and avoid costly mistakes: https://t.co/1vTjkECpSL
#taxcompliancekenya #KRAUpdates #incometaxkenya
Read our tax alert for key tips.
https://t.co/37LSTGiYA6
#KRA #Kenya #Tax #TaxCompliance #IntercompanyFinance #KRAUpdates
Key details include:
- Coverage Period: Liabilities up to December 31, 2023.
- Application Window: From December 27, 2024, to June 30, 2025.
- Relief Offered: Penalties and interest are waived if principal taxes are paid.
#KRAUpdates #TaxCompliance #KenyaBusiness #SMEGrowth
#KRAUpdates
In line with the recent Presidential Stakeholders engagement to re-introduce offshore bunkering and ship-to-ship transhipment processes, the Kenya Ports Authority (KPA) and KRA will facilitate the highlighted activities effective 1st May 2024.
#KRAUpdates
Kenya has been rated โLargely Compliant (LC)โ on implementation of the international standard for transparency and exchange of information on request (EOIR) for tax purposes.
#KRAUpdates
KRA has enhanced vigilance across all ports of entry in a bid to enhance compliance with Customs regulations on restricted and prohibited items.
#KRAUpdates
His Excellency Hon. Dr. William Samoei Ruto, C.G.H. has reiterated the Governmentsโ commitment to make taxpaying in the country simple by enhancing efficiency in tax system.
@KRACare Suspend passengers' baggage US$500 & customs clearance upon arrival until we repeal EAC Customs Management Act. It is detrimental while our sister countries have not implemented it.
@KRACare @KRACorporate @NAssemblyKE
#KRAUpdates
#KRAUpdates
๐๐ฅ๐๐๐ซ๐๐ง๐๐ ๐๐ญ ๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ ๐๐๐ซ๐ฆ๐ข๐ง๐๐ฅ๐ฌ ๐งต
KRA implements various initiatives to promote tax compliance, seal revenue loopholes and enhance revenue mobilization.
#KRAUpdates
In a significant stride toward embracing digital innovation in the domain of taxation, Kenya and the United States have reinforced their collaborative effort, through the @USAmbKenya H.E. Amb. Meg Whitman.
The overarching theme of this partnership is to "Drive Transformation in Taxation Through Digital Technologies."
#KRAUpdates
๐๐๐ ๐ข๐ง ๐ ๐๐ข๐ ๐ญ๐จ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐๐๐ญ๐ข๐ฏ๐ ๐๐ฉ๐ฉ๐ซ๐จ๐๐๐ก ๐๐จ๐ซ ๐๐ง๐ ๐๐ ๐ข๐ง๐ ๐๐๐๐๐
Today morning, KRA conducted an engagement with the Eastleigh Business District Association (EBDA).
The purpose of the meeting was to explore the most effective approach for engaging with the vibrant Eastleigh business hub, with a focus on expanding the tax base, improving taxpayer services, and enhancing compliance in revenue mobilization.
#KRAUpdates
KRA launches Taxpayersโ Month, gives back to taxpayers.
#TaxpayersMonth2023 #TushirikianeTunawiri
#KRAUpdates
It was a historic moment for the Port of Mombasa as the Boards of Directors of KRA and @Kenya_Ports held a joint meeting to discuss the efficiency of the Port. The meeting was held at KPA headquarters in Mombasa.
The meeting, which was co-chaired by KRA Chairman Mr Anthony Mwaura and KPA Chairman Engineer Benjamin Tayari, and attended by Directors from both Authorities, came up with 14 resolutions aimed at enhancing service delivery at the Port, and reducing the cargo dwell time at the facility.
#KRAUpdates
KRA & Kisumu County Partner to Unlock Ksh 4 Billion Revenue Potential.
We wish to bring to the attention of all importers of used motor vehicles of the treatment of used motor vehicles imported into Kenya effective 1st September 2023.
#KRAUpdates
We wish to bring to the attention of all importers of used motor vehicles of the treatment of used motor vehicles imported into Kenya effective 1st September 2023.
#KRAUpdates
The incoming CG, Mr Humphrey Mulongo Wattanga, was sworn in as the 7th Commissioner General for KRA by the Chief Registrar of the Judiciary, Hon. Anne Amadi, at the Supreme Court.
#KRAUpdates
KRA would like to clarify the following with respect to the Affordable Housing Levy (AHL)
#KRAUpdates
#KRAUpdates
KRA destroys illicit goods worth 500 million.
The Kenya Revenue Authority (KRA) in collaboration with the Inter-Agency Team has destroyed an assortment of illicit goods seized from the market worth Kshs. 500 million with an estimated tax value of Kshs. 150 million.
The goods were confiscated by the Inter-Agency Teams in a move to protect the society against illicit products and enhance a competitive business environment to promote legitimate trade.
The illicit goods comprised of alcoholic beverages, cigarettes, ethanol amongst others, which had been impounded during various Inter-agency operations executed countrywide, in the financial year 2022/2023.
Speaking during the event at the destruction site at EPZ in Athi River, the Deputy Commissioner for Domestic Taxes Department, Enforcement Division Mr. Mutembei Nyagah said that the goods had been condemned and declared counterfeit as they did not comply with various legal statutes including the Excise Duty Act 2015 and Excisable Goods Management System Act Regulations (EGMS).
He added that it was an offence to be in possession of any excisable product imported or manufactured by unlicensed persons.
The Chairman of Alcoholic Beverages Association of Kenya Mr. Eric Githua commended the Inter-agency Team for the initiative stating that illicit goods had devastated the lives of many young people, and called on the public to remain vigilant against such products.
Officials present during the destruction were representatives from the Inter- Agency Team comprising the National Police Service and the Kenya Bureau of Standards.
KRA notifies all traders and the general public that it is an offence to distribute, offer for sale or be in possession of any excisable goods manufactured or imported by unlicensed persons. The updated list of licensed manufacturers and importers of excisable goods is available on the KRA website.
KRA is committed to ensuring that trade operations are only carried out by traders who abide by the laid down legislations and tax policies.
~ Ag. Commissioner, Domestic Taxes Department
#KRAUpdates
Kenya Revenue Authority challenges court order against Ksh 8B tax owed by Kenya Breweries Limited
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