Value Added Tax (VAT) VAT is an indirect tax that is paid by the person who consumes taxable goods and taxable services supplied in Kenya and/or imported into Kenya The tax is collected at designated points by VAT registered persons who act as the agents of the Government. VAT on imported services is paid by
THE TAX PROCEDURES (TAX AGENTS) REGULATIONS IN EXERCISE of the powers conferred by Section 112 of the Tax Procedures Act, 2015, the Cabinet Secretary for the National Treasury and Planning makes the following Regulations. 1. These Regulations may be cited as the Tax Procedures (TaxAgents) Regulations, 2019. “Committee” means the Tax Agent Committee established under
TAX HEALTH CHECKS The idea – similar to a regular medical check-up with your doctor now a health check of your organization’s tax affairs’ review of your business’s records and accounting systems with a view to: Identify any areas of risk in relation to tax Mitigate any tax risk Giving confidence in the level of
How to use KRA M-service App works The app was unveiled in August this year and is available for download on Google Play store. According to Jacob Alert, M-Service’s project manager, the app will be available for iOS on Apple’s App Store in early 2021. He also said that the USSD version of the M-Service
How to respond to KRA Tax demand How to respond to KRA Tax demand : Taxation as a concept entails various aspects such as tax demands, incentives, assessments, clearance, etc. Dennykins Associates can help you master each of these tax elements. Of all these tax concepts, tax demands tend to stand out since most people
Mastering the Taxation Concept with Dennykins Associates Taxation is a daunting concept that most individuals cannot stand. As a result, a significant number overlook various taxation concepts that could put them on the wrong side of the law. Although individuals may pinpoint the current tax rate in their country, hardly can they offer more details
Tax Demands by Kenya Revenue Authority Taxation as a concept entails various aspects such as tax demands, incentives, assessments, clearance, etc. Dennykins Associates can help you master each of these tax elements. Of all these tax concepts, tax demands tend to stand out since most people are not familiar with it. According to Dennykins Associates,
How to File Income Tax Return (KRA) in Kenya How to File Income Tax Return in Kenya : With insight into the roles of tax agents in Kenya, we can now look at another common concept, which is filing tax returns. In every fiscal year, every taxpayer in Kenya is required to file their returns.
How to Apply for KRA Waiver Using iTax How to Apply for KRA Waiver Using iTax : In some cases, individuals may forget to file their returns within the designated period. As such, they fall victim to facing the harsh wrath of the law. However, they can escape this wrath by writing a KRA waiver.
How to Write KRA Waiver Letters How to Write KRA Waiver Letters: Instead of applying for a KRA waiver using iTax, one may opt to write a KRA waiver letter. The writing process is quite straightforward, given that there is no specific format that one has to follow. All one needs to do is have
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