KRA iTax return forms for filing Excise returns In Kenya, the Excise duty is imposed on notified goods manufactured or imported into Kenya. There are different excise duty rates depending on the product imported or manufactured. The details of excise duty levied should be declared in monthly excis...
The Finance Act, 2023 (the Act) was signed into law by the President on 26 June 2023. Unless specifically mentioned, the changes highlighted in this Tax Alert were meant to take effect on 1 July 2023. However, on 30 June 2023, the High Court of Kenya iss
NAIROBI, April 11 (Xinhua) -- Kenya Revenue Authority (KRA) on Thursday launched a tax filing campaign as it projects 40 percent growth on tax returns this year with more than four million taxpayers expected to submit their returns through online platform iTax by June. Elizabeth Meyo, KRA's ...
Tax audit (TA) is the independent variable in this research. Tax audits mean the examination of underlying records to determine the extent to which taxpayers correctly report their tax liabilities. In other words, it concerns the review of the returns of a taxpayer; whether an individual or cor...
Among the taxes administered in Kenya, the value added tax (VAT) is one of the prime taxes impacting business owners. This guide will take you through the basics of Kenya VAT—from its rates to registration and returns—so you can stay compliant and carry your business forward with ease!
Benson Korongo, the Commissioner for Domestic Taxes at the Kenya Revenue Authority (KRA), said that more than 2.5 million taxpayers have filed their 2017 income tax returns on the iTax platform, with less than two days left before the exercise officially ends on June 30. "This is a signific...
Step 11:Download the copy of the submitted returns for safekeeping. How to file KRA itax Returns 2023 Online in Kenya for People With Business Income KRA iTax Login, KRA income tax returns To file KRA Tax Returns online for people with business income, you are required to have all the nece...
Given any debate, I am always likely to swing to the underdog. But when it comes to taxes in Kenya, my view on where the inequity really exists has shifted progressively. For, how have we let ride so long this idea that it’s just fine that almost 85 per cent of our job ho...
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Tax paid on imported services for use within the registered person’s taxable business may be eligible for deduction as input tax in subsequent VAT returns. Withholding VATin Kenya Withholding VAT is a tax charged at a rate of 2% on the value of taxable supplies, effective from 07/11/2019....