On 27 February 2024, the Kenya Revenue Authority (KRA) published a release notifying taxpayers of its tax amnesty program offering over Kshs 200 billion in waiver of penalties and interest. Additionally, the KRA released new Tax Amnesty FAQs.

The Finance Act 2023 introduced the Tax Amnesty Programme that allows Taxpayers to apply for waiver of penalties and interest accrued for periods up to 31 December 2022 upon full payment of their respective principal taxes by 30 June 2024. The program runs from 1 September 2023 to 30 June 2024.

The Kenya Revenue Authority (KRA) is pleased to report that so far, as at 20 February 2024, 227,071 Taxpayers have benefited from the waiver of penalties and interest amounting to Kshs. 209 billion under the ongoing Tax Amnesty Programme, having paid a total of Kshs. 14.5 billion in principal taxes.

KRA reminds Taxpayers with outstanding principal taxes to take advantage of the amnesty program. Further, Taxpayers who have not filed their returns for the amnesty period are urged to file the returns in order to benefit from the Tax Amnesty Program.

We also encourage Taxpayers with ongoing tax disputes to expedite the resolution of their cases within the Amnesty period by considering out of court settlements through the Alternative Dispute Resolution (ADR) framework. This will enable them to take advantage of the ongoing Tax Amnesty, noting that the provisions on waiver of penalties and interest and on abandonment of taxes were repealed by the Finance Act 2023.

KRA also takes this opportunity to remind Taxpayers whose Year of Income ends on 31 December 2023 to file their Income Tax Returns by 30 June 2024.