Agents mandated by the Kenya Revenue Authority (KRA) to collect taxes on its behalf are set for a major reprieve in the proposed waiver plan on delayed remittances.
The proposal contained in the Kenya Revenue Authority (Amendment) Bill, 2024 will also help traders and businesses avoid penalties on delayed payments.
The Bill sponsored by Leader of Majority, Kimani Ichung’wa proposes to amend Section 15a of the Kenya Revenue Authority Act (Cap. 469) to give the Cabinet Secretary for National Treasury power to waive the penalty payable by an appointed agent who fails to transfer collected funds.
The Bill was Read for the First Time on August 15, 2024, and was committed to the Committee on Finance and National Planning for consideration.
The Clerk of the National Assembly has called for views on the Bill.
The public has until September 9, 2024, to submit views about the Bill to the office of the Clerk.
