Not all taxpayers are mandated to file a tax return, and among those who do, not everyone will qualify for a refund after submitting their returns, according to The Citizen Business.

The Kenya Revenue Authority (KRA) has reintroduced a tax amnesty program that allows taxpayers with unpaid principal tax to waive penalties and interest. Taxpayers can benefit from this amnesty by either paying the full amount owed during the designated period or by applying for a structured payment plan via the KRA iTax system.

Kenya has launched a six-month tax amnesty program, allowing eligible taxpayers to waive penalties, interest, and fines on qualifying tax debts. This initiative, introduced under the Finance Act 2026, aims to enable individuals and businesses to settle historic tax liabilities while assisting the Kenya Revenue Authority in recovering unpaid principal taxes.

Kenyan taxpayers will soon have the legal right to review and amend tax returns that have been pre-filled by the Kenya Revenue Authority (KRA), as per amendments in the Finance Bill 2026. The changes, specifically in Clause 48, modify Section 75 of the Tax Procedures Act, requiring the Commissioner to notify taxpayers regarding their returns before they are finalized.

The article from Business Times discusses the importance of calculating a complete net worth by including often overlooked assets such as business equity, cash-value life insurance, cryptocurrency, and liabilities like medical bills or buy-now-pay-later balances. It emphasizes that an accurate assessment of net worth is essential for financial planning.

The Tanzanian government has made several key revisions to the Finance Bill, 2026, in response to recommendations from the Parliamentary Standing Committee on Budget. These changes aim to reduce the tax burden on specific sectors and enhance the investment and business environment. Finance Minister Ambassador Khamis Mussa Omar presented the updated bill in the National Assembly.