Filing objection in opposition to tax demand minimize to seven days

May 16, 2024 | blog

Taxpayers that dispute tax calls for can have seven days to file a discover of objection even because the Finance Bill 2024 provides the Kenya Revenue Authority (KRA) extra time to reply.

Should lawmakers approve the Finance Bill, 2024, the KRA can have 90 days to answer an objection lodged by the taxpayer in opposition to a tax choice, up from the present 60 days.

The Finance Bill, 2024, which units ahead the revenue-raising plan for the following fiscal 12 months beginning July, was tabled within the National Assembly by the Cabinet Secretary for National Treasury Njuguna Ndung’u.

In the proposed adjustments, KRA will reject a taxpayer’s discover of objection in opposition to a tax choice, both for missing related data or not being lodged throughout the legally stipulated time-frame of seven days.

“Section 51 of the Tax Procedures Act is amended—in subsection (4A), by deleting the words ‘the Commissioner may make an objection decision within sixty days after the date on which the notice of objection was lodged’ and substituting therefor the new words “the objection shall be deemed disallowed,” reads the Finance Bill.

Should the National Assembly approve the modification it can pile strain on taxpayers with a dispute with the taxman to shortly put collectively a water-tight discover of objection in opposition to a tax choice.

Section (4A) of the Tax Procedures Act provides the KRA Commissioner 60 days to reject, by way of writing, a discover of objection by a taxpayer that both lacks some data or was lodged outdoors of the stipulated time-frame.

PAYE Tax Calculator

Note: The outcomes should not actual however very near the precise.

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