Tax experts warn of strain as government moves to shorten filing deadline

Tax experts are warning that the proposal to reduce the tax filing deadline from six months to four months after the end of the financial year, that is from June to April of every year, could strain business operations in the country. They warn that this places pressure on taxpayers to close accounts, reconcile tax positions and prepare returns within a shorter period, exposing them to possible fines for missing deadlines. But Treasury CS John Mbadi says the move is aimed at allowing the revenue authority time to check and verify the accuracy of the filed returns.