Kenya Revenue Authority (KRA) wishes to remind the public that pursuant to Section 6B of the Tax Procedures Act and the Tax Procedures (Common Reporting Standards) Regulations, 2023, all Reporting Financial Institutions (RFIs) were required to file Common Reporting Standard (CRS)/Automatic Exchange of Information (AEOI) returns with KRA through the Exchange of Information System (EOIS) by 31st May, 2024.
To facilitate business continuity and allow for sufficient time for RFIs to make adjustments in their systems and business operations, KRA wishes to notify RFIs of the extension of the filing deadline to 31st August, 2024. Prior to this date, the Commissioner shall not impose penalties for failure to file the CRS/AEOI returns on the RFIs.
KRA is committed to continue supporting and facilitating all RFIs to comply with the requirements of the law by conducting comprehensive stakeholder engagements, awareness campaigns and sensitization for the various categories of RFIs.
For further information, please contact us on Tel: 0709 017 997, 0709 017 935 or email: crs@kra.go.ke
Commissioner for Domestic Taxes
PUBLIC NOTICES 31/05/2024
