Implementation of the Unified Payroll Return
Taxpayers will now be accounting for PAYE and NSSF under one return. This new directive will be mandatory for April return due on May 9th.
Payment of Stamp Duty and Capital Gains Tax
For completion of the transfer of property process, taxpayers were required to pay CGT first before making stamp duty payments which proved to be a challenge for many taxpayers. The KRA seeks to amend this anomaly by amending the iTax system in that payment of stamp duty will no longer be linked to payment of CGT.
Read more in the attached alert.