Tax Waiver 2024: Clearing Principal Taxes and Saving on Penalties
Learn about the URA's Section 40D of the Tax Procedures Code Act, 2014, which offers taxpayers a chance to clear their outstanding principal tax and have penalty and interest fees waived by December 31, 2024. Micheal Masembe, Ag. Manager for Tax Education at URA, explains:
- How the waiver works and the types of taxes it covers.
- Why the government is offering this opportunity despite financial constraints.
- What happens if taxpayers miss the December 31 deadline.
