The Kenya Revenue Authority (KRA) has started to deregister firms and individuals who have failed to pay taxes as it seeks to get back Ksh250 billion worth in arrears.
According to reports by Business Daily on June 23, the authority is also cancelling assets of the suspected cheats. According to a statement from the department of Domestic Taxes , the individuals and firms in question had been given up to June 20 to formulate a payment plan or settle the arrears at a go.
“The affected taxpayers are advised to get in touch with Tax Service Office in order to settle their tax debts or propose payment plans,” read the statement.
The cancellation of the KRA PINs will make it impossible for the suspected cheats to undertake business in the country or qualify for employment opportunities where the KRA Pin is a requirement. KRA is undertaking stringent measures to meet its Ksh1.6 trillion financial year target that begins in July 1, 2020. It has heavily invested in campaigns to mobilize individuals and entities to review and honor their plans