The Kenya Revenue Authority (KRA) has reported that its tax amnesty program, which concluded on June 30, successfully raised Sh43.9 billion from 1,064,667 taxpayers.
The program, operational from September 1, 2023, to June 30, 2024, aimed to alleviate the burden on taxpayers with outstanding obligations by waiving penalties and interest totaling Sh507.7 billion for 3,115,393 taxpayers. The waivers were granted automatically upon the filing of returns and the payment of principal taxes.
The initiative proved particularly effective in June 2024, achieving its highest collection of Sh15.1 billion during that month.
Introduced by the Finance Act of 2023, the tax amnesty allowed taxpayers to apply for relief from penalties and interest on tax debts up to December 31, 2022, following the repeal of prior provisions on abandonment and waivers. Taxpayers participating in the program were only required to settle the principal amount of their outstanding tax debts.
