TAX HEAD TAX PAYMENT DEADLINES 1 Corporation Tax – Installment Taxes 1st Installment By 20th of 4th month in the current year 2nd Installment By 20th of 6th month in the current year 3rd Installment By 20th of 9th month […]
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KRA TO ACCESS AND MONITOR TAXPAYERS BANK ACCOUNTS IN KENYA For Tax purposes KRA now is able to monitor tax payers bank accounts. In a directive given by CBK, all banks have been directed to ask for Personal Identification Numbers […]
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TAX AMNESTY IN KENYA ON FOREIGN EARNED INCOME UPDATES Tax amnesty is the opportunity given to taxpayers to write off an existing tax liability (including interests and fines) by paying a defined amount. Such offers are usually presented as being exceptional and available for only […]
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TAX AUDIT TRIGGERS| TAX PROMPTS IN KENYA A tax audit is examination, investigation, looking over or evaluating of books and records of accounts for taxation purposes. A tax audit is when the revenue authority decides to examine your tax return […]
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TAXATION OF MONTHLY RESIDENTIAL RENTAL INCOME (MRI) IN KENYA The Finance Act 2015 introduced a new Section 6A in the Income Tax Act Cap 470 Laws of Kenya, which provides for a simplified tax regime on taxation of rental income. […]
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EMPLOYEE VS CONSULTANTS CONTRACTS IN KENYA An employee is an individual who was hired by an employer to do a specific job. The employee is hired by the employer after an application and interview process results in his or her […]
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Tax obligation is an amount of tax one is required to pay at a particular period . In Kenya different tax obligations have different deadlines. Below is a list of different tax heads and their deadlines. tax obligation
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THE FINANCE ACT 2018 IN KENYA The Finance bill 2018 was passed by the National Assembly on the 30th August 2018, and was presented to the president for assent on the 13th September 2018, which he refused to assent and […]
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