KRA Waiver Application Letter Sample
A KRA waiver letter is everything because it tells the commissioner whether you deserve a waiver or not. It can make all the difference and determine if you’ll get an approval or an approval. In this KRA waiver letter sample, we show you how to write a good waiver application letter for a better chance […]
How to Handle a KRA Tax Assessment
Kenya Revenue Authority (KRA) relies on taxpayers’ self-assessment to declare and pay taxes. KRA’s trust in the taxpayers sustains this system. If the KRA has reasons to believe you are being untruthful, they can demand a tax assessment. This assessment usually comes alongside a demand for unpaid taxes. Receiving a tax assessment demand from KRA […]
Step-by-Step Guide to Filing PAYE Returns in Kenya
Step-by-Step Guide to Filing PAYE Returns in Kenya PAYE is one of the most significant taxes in Kenya and a substantial contributor to our GDP. Every employer is required to deduct these taxes from their employees’ wages, remit them to the KRA, and file a return. Failure to do so or late filing attracts penalties […]
How to Get a KRA Tax Waiver or Penalty Relief
What happens when you make an error that could lead to tax penalties when filing your KRA returns? Or a system bug created a glitch in the KRA system, giving you wrong tax obligations or penalties. Other times, you may have accumulated penalties and interests unknowingly, and you’d like to be forgiven so that you […]
Mistakes Businesses Make During VAT Filing
VAT tax is one of the most important business taxes in Kenya. It contributes heavily to the Kenyan economy, and various kinds of enterprises are expected to remit their VAT every month. Although it’s one of the simplest income taxes, many businesses make avoidable mistakes that lead to overpayment, underpayment, penalties, and interest. The mistakes […]
How to File Nil Returns on iTax
Did you know that every KRA PIN holder is legally required to file a tax return even without an income? Yes, KRA expects you to file a Nil return at the end of each tax period, even with no transactions to show. It doesn’t matter whether you are a student, unemployed, closed your business, or […]
Annual Tax Return Filing in Kenya
Small and Medium Enterprises (SMEs) are arguably the backbone of the Kenyan economy. They contribute a considerable percentage to the country’s GDP through taxes. Furthermore, they drive the economy through employment and innovation. But what kind of taxes do SMEs pay in Kenya? SME taxes in Kenya are categorized into two primary types: annual and […]
KRA PIN Registration for Foreigners
Hundreds of non-Kenyans are increasingly coming to Kenya for various purposes, including professional and personal. Professionally, foreigners see Kenya as a great destination for employment, business, and investment. Our growing economy attracts a diverse range of talents, including engineers, doctors, architects, tech experts, remote workers, and innovators. Those coming here for business reasons target our […]
Monthly VAT Filing in Kenya
If your business or company earns at least 5 million Kenyan shillings annually, paying value-added tax (VAT) is a legal requirement. You need to file VAT returns monthly, by the 20th of the following month.Businesses earning less than Ksh 5 million can register for VAT too, but this is optional. VAT is one of the […]
How to Register for a KRA PIN in Kenya
A KRA PIN is necessary in most monetary, legal, and business processes in Kenya. You need a PIN for various purposes, from simple processes like opening a bank account and applying for loans, to more meaningful things like exporting goods and purchasing property. You can register for a KRA PIN in Kenya as an individual, […]
