">
TechMoran
  • About Us
  • Jobs
  • Motoring
  • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
Sunday, March 7, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Government

KRA assures taxpayers of support as country faces global health challenge

Val Lukhanyu by Val Lukhanyu
11 months ago
in Government
4 min read
0

Kenya Revenue Authority (KRA) has assured taxpayers and the general public that it will continue supporting them as the country faces a global health challenge. Individuals and businesses will access KRA services which the authority will facilitate timely payment of taxes

In line with the Presidential directive to mitigate the effects of COVID – 19 to the Kenyan economy through; KRA has implemented the reduction of Personal Income Tax top rate (PAYE) from 30 per cent to 25 per cent. 100 per cent Tax Relief for persons earning up to Ksh. 24,000.

Also, KRA has facilitated the reduction of Resident Corporate Income Tax rate from 30to 25 per cent and reduction of Turnover Tax rate for SMEs from 3 to 1 per cent.  Including Immediate reduction of VAT rate from 16 to 14 per cent, lowering of Central Bank Rate (CBR) to 7.2 per cent and lowering of Cash Reserve Ration (CRR) to 4.2 per cent.

Following the Central Bank of Kenya’s announcement to offer flexibility to banks on loans that were active as of March 2020 to maintain liquidity levels. KRA will facilitate expedited payment of VAT Refunds by allocating an additional Ksh. 10B. And finally setting up a fund to which players in the Public and Private Sector are contributing in support of Government efforts.

Whereas all efforts will be made to facilitate payment of taxes.  KRA will decisively handle any matter that pertains to deliberate non-payment of taxes. In the event that a taxpayer is not able to honor the agreed payment plan. Taxpayers will provide proof of transactions in response to VAT inconsistency reports. And appreciates that is not tenable in the current environment.

READ  How to Pay KRA Penalties and Fines via MPESA

To mitigate this, KRA has deferred the physical submission of documents and appearance. Taxpayers will be duly notified of when they can appear in person. In the interim, taxpayers are advised to submit evidence of transactions through [email protected]

KRA is also calling upon citizens to play their constitutional role and pay all taxes due. And support the Government in the provision of critical services.

Related posts

apple store

Apple Rejected A Request From The Kenyan Government To Unlock Two iPhones

January 11, 2021
0

Kenyan Man Under Investigation For Flying Drone Over Police Station

December 23, 2020
0
birth certificate

How To Apply Or Replace A Birth Certificate In Kenya

December 21, 2020
0

Matatu Users Will Soon Be Required To Use An App That Will Help Commuting Easier

December 21, 2020
0
Readers 2,229

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: KRA
Val Lukhanyu

Val Lukhanyu

Related Posts

apple store
Government

Apple Rejected A Request From The Kenyan Government To Unlock Two iPhones

January 11, 2021
0
Government

Kenyan Man Under Investigation For Flying Drone Over Police Station

December 23, 2020
0
birth certificate
Government

How To Apply Or Replace A Birth Certificate In Kenya

December 21, 2020
0
Government

Matatu Users Will Soon Be Required To Use An App That Will Help Commuting Easier

December 21, 2020
0
Government

Taxpayers Will Soon Have To Part With 1.1 Billion For Govt To Establish Their Own Digital TV Station

December 21, 2020
0
uashin
Government

Uasin Gishu County Government Ordered To Pay KSh 1 Million To Jamii Telecom

December 16, 2020
0
Government

Huduma Number card will make the National ID card obsolete, issuing date and details revealed

November 18, 2020
0
Government

Immaculate Kassait nominated as Kenya’s first Data Commissioner

October 15, 2020
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

3 Top Ways to Secure Your Windows Computer

March 6, 2021

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021

Facebook to expand transparency on Political Ads in more countries including Kenya and Ethiopia

March 5, 2021

Twitter Is Testing An Edit Button For Those Who Like Correcting Grammatical Errors

March 5, 2021

ATU & Ericsson in Talks for 5G Mobile Services & Adoption Across Africa 

March 5, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: