Professional Documents
Culture Documents
Refund Backlog
Taxpayers can finally heave a sigh of relief after the
Treas ury, on February 27, 2015 released a press
statement announcing its plans to clear the pending VA T
refund claims. In the press release, the National Treasury
indicated t hat together wit h the Kenya Revenue Authority
(KRA ), they had addressed the issue of VA T refund
claims backlog through a verification exercise that will
lead to payment of the pending amounts. However,
refund claims submitted recently will have to wait as the
st
verification was done for claims of upto 31 December,
2013.
This move by the two government bodies will hopefully
renew the optimism taxpayers had in getting their refunds
paid. Taxpayers have overtime been put through a dull
and s eemingly infinite waiting process despite their
numerous appeals to have the refunds repaid. Cabinet
Secretary in charge of Finance, Mr. Rotich and the
President have both given assurances that the refunds
will be paid within the first quarter of this year.
The verification exercise ascertained that the government
owes taxpayers a total of 19. 2 billion which will be
cleared in two installments, one of 11.2 billion and
another of 8 billion. The first installment has already been
verified and processed and the beneficiaries categorized
as below:
I.
II.
III.
Taxwise Consulting Limited is an independen t tax firm that offers tax consulting and advisory services. This publication is p rovid ed for general information and is intended to furnish users with
genera l guidance on the tax matters discussed only. This informa tion is therefore not intended to address the circumstances o f any particular individua l or entity nor is it intended to rep lace or
serve as substitute fo r any advisory, tax o r oth er professional advice, consultation or service. Th e authors and the publish er expressly disclaim all and any liab ili ty, responsibility to any person o r
entity in respec t of any loss, damage or costs of any natu re a rising directly or indirectly fro m relianc e placed on the materia l in this publication . R eaders should consult professional tax advisors to
determin e if an y information contain ed herein remains applicable to th eir facts and circumstances .