All Kenyans must know that Filing tax returns is the obligation of every Kenyan with a KRA Pin and failure to do so prompts penalties for the citizen. The amount the Kenya Revenue Authority imposes on individuals who fail to file their yearly tax returns is completely exaggerated and not particularly justified if you ask me, but they’ve come up with somewhat dubious ways in the name of raising revenue that’s often a burden to a common Citizen. I’m not against paying taxes, but let’s face it; nowadays, being fined Ksh. 20,000 for just not filing your returns is completely over-reach. On the other hand, the amount we pay in taxes, whether you’ve imported an item or from your pay as you earn obligation, can be ridiculous, but that’s just how it is. I’ve come up with a simple step by step illustration on how Kenyans can use their Mpesa accounts to settle some of these charges without having to queue in a bank.
But fist; before we proceed, I’ve listed below some of the fines and penalties KRA often imposes on Kenyans.
What is the penalty for late filing and paying?
If you file your taxes after the June 30 deadline you will be charged with a fine of whichever is higher between 5 percent of the tax due or Kshs. 2,000.
Penalty on late payment is 5 percent of the tax due and a late payment interest of 1 percent per month on the unpaid tax until the tax is paid in full.
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