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Headline : Traders on edge as KRA goes for unpaid old taxes

Read more from the original article on here at www.businessdailyafrica.com.





Tags : #traders #edge #kra #goes #unpaid #old #taxes


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The Kenya Revenue Authority (KRA) has written to scores of businesses notifying them of overdue value-added tax (VAT) balances that were accrued before the introduction of the iTax system in 2014, potentially hitting those unable to provide proof of payment with bills running into millions of shillings.

Most of the balances date back more than 10 years, the taxman said, with businesses that failed to make payments before the expiry of the tax amnesty programme on June 30, 2024, facing additional penalty charges.

Read more from the original article on here at www.businessdailyafrica.com.


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