- Kenya has introduced a tax amnesty program as part of the Tax Amendments Act 2024
- The program aims to provide relief by waiving penalties and interest on outstanding tax liabilities for digital service providers
- Eligibility for the amnesty covers tax periods up to December 31, 2023
- Taxpayers can apply for the amnesty from December 27, 2024, to June 30, 2025
- The amnesty includes waiving penalties and interest on unpaid principal taxes
- Full payment of principal taxes by December 31, 2023, leads to automatic waivers
- Those unable to pay in full must propose a payment plan to the Kenya Revenue Authority and settle by June 30, 2025
- Digital service providers have faced challenges due to changes in tax laws including the repeal of the Digital Services Tax and VAT on internet supplies
- The amnesty provides a chance for these providers to clear their tax records and avoid future penalties
- Providers must review their tax liabilities, apply if necessary, and adhere to payment plans to benefit from the amnesty
- The program helps businesses improve compliance and fosters a better relationship with the tax authorities
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
