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Kenyan Parliament Considering Penalty Waiver for Certain Tax Agents that Fail to Timely Remit Tax Collected

|Proposed Changes|Kenya
Kenya

The Kenyan Parliament is considering the Kenya Revenue Authority (Amendment) Bill 2024, which was submitted on 15 August 2024 for its first reading and is currently under review by the Committee on Finance and National Planning. One of the main measures of the bill would empower the Treasury Cabinet Secretary to waive the penalty payable by appointed tax agents that fail to timely remit collected funds if the failure is found to be unintentional or the agent is under receivership or statutory…

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