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KRA calls on taxpayers to resolve legacy system balances before year-end

Huldah Matara by Huldah Matara
December 17, 2024
in Business
Reading Time: 1 min read

The Kenya Revenue Authority (KRA) has issued a public reminder urging taxpayers to resolve any concerns related to migrated legacy system balances for VAT and Income Tax by December 31, 2024. This move aims to address discrepancies following the migration of tax ledger records to the new iTax system.

According to the notice, the KRA has communicated these migrated balances to individual taxpayers through their registered iTax email addresses. Taxpayers can access the details via their iTax profiles under the ‘General Ledger’ section, selecting the ‘Account Type – Taxpayer Legacy Account’ menu. Additionally, detailed statements are downloadable under the ‘Debt & Enforcement’ menu of their accounts.

Taxpayers with outstanding debit balances have been advised to settle their dues promptly. For those with credit balances qualifying as overpayments, the authority noted they would be utilized to offset any tax liabilities as per Section 47(1)(a) of the Tax Procedures Act.

The KRA emphasized the importance of addressing any discrepancies by the stated deadline. Failure to do so could leave unresolved tax issues lingering. The notice further stated: “Taxpayers are encouraged to take prompt action to ensure their records are up to date and avoid unnecessary penalties or enforcement measures.”

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For additional guidance, taxpayers have been directed to consult KRA’s official website or reach out via the provided email support system. The KRA reassured taxpayers of its commitment to facilitating a smooth resolution process: “We thank taxpayers for their cooperation and commitment to fulfilling their tax obligations.”

Taxpayers are advised to proactively verify their migrated balances and take necessary steps to resolve discrepancies ahead of the year-end deadline.

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Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

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