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Good News To Kenyans As KRA Unveiled New Feature To Be Used To Claim Taxes Paid By Mistake

Kenyans can now quickly request refunds of taxes they unintentionally paid thanks to a new feature that the Kenya Revenue Authority (KRA) has added to the iTax platform.

According to reports a new sub-menu for refunding taxes that were mistakenly paid has been added to the refunds menu.

The National Treasury Finance Act 2022 was used to put the change into effect. A taxpayer can use the platform to apply for a refund this application will then go through the iTax refunds module approval process.

The initial delivery targets are those for whom the taxpayer has proof of payments being made but whose credit has not yet been recorded in the iTax ledger.

According to KRA the system will enable taxpayers to submit an application for a refund of the tax paid in error for major tax heads (VAT, income tax, turnover tax, withholding tax etc.) that will then be subject to an approval process within the iTax refunds module.

The taxpayer may also submit a request to the tax authority for an offset of overpaid taxes. However, future instalment tax payments are covered by this.

The system will produce an instalment adjustment voucher when a taxpayer files their income tax return and has excessive instalment tax payments.

Part of the statement stated The system will then enable taxpayers to capture the IAV when making their next instalment tax payment and be able to offset it against instalment taxes payable for the affected period.

Content created and supplied by: Rajo (via Opera News )

KRA Kenyans National Treasury Finance Act


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