The KRA, Kenya Revenue Authority, has collected Sh1.995 billion from an amnesty program.
The program further grants businesses and individuals relief on penalties for unpaid taxes.
Commissioner-General Githii Mburu said the amount raised is from a pool of 390 applications made by taxpayers.
This was moreover done in the nine months to September 30.
KRA Amnesty Program
The amnesty program moreover started in January.
It is a three-year program, KRA has offered up to 100 percent interest and penalties waiver on taxes.
These are taxes that have further not been paid in five years.
The taxman is betting on the initiative to bring more individuals as well as firms into the tax bracket in the war on evasion.
“Voluntary Tax Disclosure Programme cumulative revenue collected is Sh1.995 billion by September 30,” said Mr. Mburu in a public notice yesterday.
“We’ve seen some good progress on that area.
We had an early estimation of about Sh5 billion for the whole year and I think we are progressing very well.
Ours is to encourage taxpayers to come forward and take advantage of this particular program.
Many Kenyans are coming forward.”
Under the program, those who declare pending liability and pay within one year shall enjoy a 100 percent interest and penalty waiver.
Those who voluntarily disclose and pay the pending tax liability within the second year of the program will receive remission of 50 percent
On the other hand, payments that come in the third year will have 25 percent relief.
The program will run up to 2023.
Businesses and individuals under investigation have, however, been locked out of the amnesty window.
Those who had cases before the tax appeals tribunal or courts before January 1 when the program started are also locked out.
A taxpayer will not be eligible to apply for relief under the program.
This is if he or she is under audit, compliance verification, or investigation according to Business Daily.
They will also not be eligible if they have been served with a notice of intention to investigate.
Those who also have the notice to carry out an audit or compliance check for the undisclosed tax will also be locked out.