KRA improves the issuance of Tax Compliance Certificates
The Kenya Revenue Authority has improved the process of acquiring tax compliance certificates for Kenyans. According to KRA, taxpayers will now have a better experience applying for the compliance documents. Additionally, the government body will be able to issue the certificates within a short time.
Under the new system, KRA will automatically check tax compliance status using data from iTax. Applicants who have not complied with the KRA rules will not be able to proceed with their application until they resolve all outstanding matters. Therefore, the revenue collecting agency advises taxpayers to pay their tax liabilities on time and file their returns before the set deadline of 31st June.
KRA has also revised the interest rate used in the calculation of Fringe Benefits Tax and Deemed Interest to 7 percent from the 8 percent previously set in October 2018. The new rate will apply in April, May, and June 2019.