1.5m Kenyans beat corona lockdowns to file tax returns
Friday, May 22, 2020 0:01
By BONFACE OTIENO
KRA commissioner for domestic taxes Elizabeth Meyo at a past event.
FILE PHOTO | NMG
About 40 percent of taxpayers have filed tax returns ahead of the June 30 deadline as digital platforms allow Kenyans to beat the corona-induced lockdowns.
Kenya Revenue Authority (KRA) commissioner for domestic taxes Elizabeth Meyo told the Business Daily Thursday that more than 1.53 million Kenyans had filed their tax returns by May 14 against a target of 3.8 million taxpayers.
Companies face a penalty of Sh20,000 or five percent of the tax payable in the year the return is meant to capture, or whichever is higher.
Filling tax returns has emerged as one of the taxman’s preferred way to netting tax cheats and growing the income tax segments amid struggles to meet collection targets.
