More than 400,000 Kenyans have benefited from the Kenya Revenue Authority’s (KRA’s) Tax Amnesty Programme.

In a statement, KRA said that the waiver only applies to taxpayers with penalties and interest with no principal taxes owing and those with unpaid principal taxes accrued up to December 31, 2022.

“The tax amnesty applies to periods up to December 31 2022, on condition that all outstanding principal taxes are settled and all pending or unfiled returns are filed.”

KRA introduced the initiative last year following the passage of the Finance Act of 2023 to reduce the overall debt portfolio through debt collection and increase the revenue collected from amnesty.

It aims to increase the filling rate and encourage taxpayers to opt for alternative dispute resolution.

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KRA, however, warned that after June 30, 2024, any penalties and interest related to unpaid principal tax or unfilled returns will not be vacated.

“If you have outstanding principal tax, reach out to a KRA to guide you on a flexible payment plan. There will be no Amnesty, Waiver, or write-offs on penalties and interests after June 30 2024. Act Now!,” KRA warned.