By JAMES NGUNJIRIMore by this AuthorThe taxman has raised the fine for late filing of returns by 20 times, saying the State will now fine taxpayers Sh20,000 up from Sh1,000. The taxman on Tuesday said the 2016 annual income tax returns for individuals must be filed on or before June 30. The Kenya Revenue Authority said it is collaborating with employers and membership-based professional bodies to facilitate employees in filing returns ahead of the deadline. Those who did not file income tax returns for 2015 by June 30, 2016, also have to pay a penalty of Sh1,000. iTax, a web-enabled tax collection system, has simplified the tax processes, shortening time taken to file returns and increase revenue collection.

Source: Daily Nation May 09, 2017 18:49 UTC