Home MARKETS SMART MONEY Three reasons you must file KRA tax returns this year

Three reasons you must file KRA tax returns this year

FRANCIS MULIJun 14, 20171 Mins read4k

As long as you **ld a KRA PIN Number, it is mandatory for you to submit a return. It doesn’t matter whether you have zero income at all, not employed, or been confined to a bed for all of 2016.

It is a requirement. Even for t**se w** go abroad and say goodbye to Kenya, if you ever plan to return, your lack of filing returns w*** be waiting for you.

KRA allows for a NIL return, i.e. download the form and enter your details (PIN, year of return 01/01/2016 to 31/12/2106) and then skip over to the last tab and click ‘Validate’. It w*** generate a zero/Nil return. Then log in online and simply upload the zip file it generates.

3. The fine is now Ksh20,000 for not filing a return (whether or not you earned any income). Yes, if your watchman, or **usehelp or shamba boy, or car wash guy, or mama mboga has a valid KRA PIN, failure to file a return (even a nil return) w*** incur them a fine. That’s right.

And if they ignore this for five years, and decide to run for the position of MCA or MP, they w*** come face to face with a fine of over 100,000 plus unbelievable interest.

Next: How to file tax returns

Written by

FRANCIS MULI -

Editor and writer, Francis Muli has a passion for human interest stories. He holds a BSc in Communication and Journalism from Moi University and has worked for various organisations including Kenya Television Service. Email:[email protected]