KRA Migrates Legacy Ledger Balances to iTax

Kenya Revenue Authority has moved the legacy ledger balances to the iTax system.

The authority says it is undertaking a reconciliation exercise of the taxpayers’ accounts in the old system to establish the correct tax balances.

In this case, KRA will contact taxpayers to confirm their ledger balances prior to migration into the new iTax system.

In addition, KRA says that commencement of the process with large and medium taxpayers with nationwide rollout is expected soon.

KRA emphasized that communication under this exercise will solely focus on the correctness of the balances rather than an assessment of the same.

Further, KRA will display balances tranferred after validation on the iTax platform for the taxpayer to take compliance action.

 

Source: https://kenyanwallstreet.com/kra-migrates-legacy-ledger-balances-to-itax/

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