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Remission of Interest

id : 30   cat : Tax Offences,   
So since remission of interest is silent, then it means no waiver?
Asked by : Lynette Odongo
 DOQ : 2016-04-28 21:00:00
   Lynette Odongo

Answer

TAX is Law : s.37 TPA tax including interest may be abandoned. s.55 there are provisions for negotiations with KRA. Interest can be waived if accrued before 19th Jan 2016. [21:29, 4/29/2016] Jrm Airtel: It just means its much harder going forward for interest to be waived but not impossible.
Answered by : John Muiruri
 DOA : 2016-04-28
   John Muiruri

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