More than 2.3 million taxpayers face a punishment (penalty) of Sh50,000 for failing to file their 2015 tax returns. This is after the due date passed on Thursday with just 1.7 million taxpayers beating the due date.
The Kenya Revenue Authority (KRA) has in the meantime has ruled an extension of the of the filing deadline.
As indicated by KRA, citizens will pay Sh1,000 every day they neglect to file their 2015 tax returns, yet the punishment is topped at a most extreme of Sh50,000. By the June 30th due date, just 1.7 million citizens enrolled on the iTax framework had filed their profits out of the more than four million enlisted citizens.
As indicated by KRA, companies that neglect to record occupation returns will pay a punishment of 25 percent of the duty due or Sh10,000 relying upon which is higher. For turnover government form the punishment has been set at Sh5,000 while all different cases will pay a punishment of 35 percent of the duty payable.
"Citizens ought to look to know the particular penalty that applies to them," KRA said in an announcement. The taxman has, be that as it may, urged citizens to keep recording their profits. " iTax Support Centers will keep on operating under typical working hours to help those recording their profits late," the power said.