The tax amnesty, which took effect on July 1 and will run until December 31, 2026, was brought back under the Finance Act, 2026. It allows taxpayers to enjoy a 100 per cent waiver of penalties, interest and fines on tax debts that accumulated up to December 31, 2025, as long as they meet the conditions set under the law.
By Maureen KinyanjuiSpeaking on Tuesday during the REIT Tax Breakfast Forum organised by the REITs Association of Kenya (RAK), the association's Chairman Raghav Gandhi said the restoration of Stamp Duty and Capital Gains Tax exemptions for qualifying property transfers into REITs marked a major milestone for the sector
By Chrispho OwuorUnder the new law, natural persons will be required to submit their returns by the end of the fourth month after the close of their year of income, while non-natural persons will have until the end of the sixth month after the close of their year of income.
By Maureen KinyanjuiIn a public notice issued on Monday, KRA informed licensed manufacturers, importers and members of the public that bottled water produced or brought into the country from the effective date will no longer attract excise tax.
By David AbonyoUnder the programme, eligible taxpayers will receive a 100 per cent waiver on penalties, interest and fines once they settle the principal tax within the amnesty period. The relief is conditional on payment of the main tax owed within the set timeline.
By Maureen KinyanjuiUnder the revised law, individual taxpayers will be required to file their income tax returns by the last day of the fourth month after the end of their year of income. For most individuals whose year of income ends on December 31, the filing deadline will now be April 30.
By Maureen KinyanjuiThe President further dismissed claims that the law introduces new taxes on land ownership and second-hand clothes, saying those reports were inaccurate.
By Bradley BosireThe law is tied to the Sh4.8 trillion national budget for the 2026/27 fiscal year, which the government aims to finance through the measures outlined in the Bill.
By Bradley Bosire