BIG STORY
URA extends tax amnesty to cushion businesses, boost tax compliance
The amnesty covers domestic taxes, including income tax, VAT, excise duty, lotteries and gaming taxes, and stamp duty. However, it does not apply to customs taxes. Sarah Chelangat, URA’s Commissioner for Domestic Taxes, explained that all taxpayers with outstanding principal taxes as of June 30, 2023, are eligible. Those who pay the full amount by the December 2024 deadline will have interest and penalties automatically waived. Partial payments will result in a proportional waiver.
Chelangat encouraged taxpayers to log into their Tax Identification Number (TIN) accounts on the URA portal to check their outstanding balances. She urged taxpayers to clear their dues before the deadline to avoid additional interest accruals, emphasising that payments made after December 31, 2024, will not qualify for the amnesty.
Businesses are encouraged to take full advantage of this opportunity to settle their tax obligations and avoid further penalties.