Over 60,000 Kenyans Set To Lose KRA PINs For Failing To File Returns -

Over 60,000 Kenyans Set To Lose KRA PINs For Failing To File Returns

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At least 62,727 Kenyans who are registered under the Value-Added Act 2013 and the Income Tax Act CAP 470 Laws of Kenya are set to lose their Kenya Revenue Authority (KRA) Personal Identification Numbers (PINs) for failing to file returns.

The taxman has given the individuals 30 days to file their returns, or lose their PINS.

This comes at a time the taxman is casting its nets wide to catch high-net-worth individuals and businessmen, who owe it at least Ksh250 billion in taxes.

Where a person is deregistered, the cancellation of the person’s registration shall take effect from the date specified in the notice of cancellation. Notwithstanding the cancellation of registration, the person shall be liable for any act done or omitted while registered

said KRA in a notice on Tuesday.

KRA has also encouraged Kenyans to take advantage of the Voluntary Tax Disclosure Program to disclose tax liabilities that were previously undisclosed

Taxpayers are also encouraged to take advantage of the Voluntary Tax Disclosure Program to disclose tax liabilities that were previously undisclosed to the Commissioner for the purpose of being granted relief of penalties and interest on the disclosed taxes

added the statement.

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