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You Risk Losing Your KRA Pin If You Fail To File Your Returns- KRA Announces

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Kenya Revenue Authority recently announced through their website that those individuals who do not file returns before 30th June are likely to lose their KRA PIN.

Odibets

| Through a website notice that was published on Monday 3rd May 2021, the taxman said the individual who have failed to file their returns without showing any good reason will lose their pins after 30 days.

“Failure to file returns, unless a cause is shown to the contrary, the Commissioner of Domestic Taxes shall have their personal identification numbers (PINs) de-registered and cancelled from the KRA system,” read part the notice”. notice read.

KRA has already listed over  62,727 pins that are likely to be de-registered.

The listed pins that are likely to be deregistered are linked with about 7,107 individuals with balances, majority comprise of Schools, self-help groups and companies.

“Taxpayers are also encouraged to take advantage of the Voluntary Tax Disclosure Program and apply, disclose and pay their outstanding liability with a relief on interest and penalties,” they said

The loss of KRA pins is expected to have effects as the identification number being a prerequisite to processes crucial documents such as the opening of bank accounts, jobs applications and even land registration.

 

 

 

 

 

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