According to recent reports the Kenya Revenue Authority (KRA) is gearing up to begin the limiting of the number of times individuals in Kenya can file Nil tax returns to not more than three (3) years as the maximum number of years. The Kenya Revenue Authority (KRA) believes that after three (3) years the individual must be capable of working successfully.
The Director General of the Kenya Revenue Authority (KRA) while speaking during a Taxpayers Sensitization week revealed that, an increasing number of Kenyans have been filing nil tax returns despite the improvement they have seemingly experienced in their finances.
This is reportedly why the Kenya Revenue Authority (KRA) does not want to allow individuals to continue filing nil tax returns for their entire lives even in instances where there is evidence that shows a number of said individuals are gearing up to get into retirement.
“We know then and see them every day. Some of them drive high end Subarus and are in entertainment joints every day. They live in Kilimani and spend their time flaunting their flashy lifestyle on Instagram. How on earth can they claim they have zero income?”
After the directive individuals in Kenya, will now need to work towards profitability within not more than three (3) year of acquiring their Kenya Revenue Authority (KRA) Personal Identification Number (PIN). Anyone who fails to get to profitability May loss all access they have to government services.
The directive has been supported by the National Treasury which made it known that the move is long overdue. In its words, “Capitalism has no room for anybody who is not paying taxes. If you have a KRA PIN, act your part and give KRA something every year. No nation has ever found its way to prosperity through filing nil returns.”
How informative was this article? Are there any other news topics, categories, or How To topics, that you would like us to write on? Feel free to reach out to Mpesa Pay in the comment section.
