How to handle KRA Assesments

How to handle KRA Assesments

Section 73(3) of Kenya’s Income Tax Act (Cap 470) empowers the Commissioner of the Kenya Revenue Authority (KRA) to issue what are commonly known as “Estimated Assessments” where a taxpayer fails to submit a tax return for a given year of income. These assessments are presumed determinations of tax liability and are enforceable unless the […]

Understanding VAT in businesses

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 […]

Tax Health Check procedures

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 […]

KRA M-Service App

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 App will be available early next year. […]

How to respond to KRA Tax demand

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 […]

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