Three reasons you must file KRA tax returns this year - Business Today News
Connect with us

Published

on

As long as you hold 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 those who go abroad and say goodbye to Kenya, if you ever plan to return, your lack of filing returns will 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 will 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 househelp or shamba boy, or car wash guy, or mama mboga has a valid KRA PIN, failure to file a return (even a nil return) will 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 will come face to face with a fine of over 100,000 plus unbelievable interest.

Next: How to file tax returns

 

Editor and writer at BUSINESS TODAY, Muli has a passion for human interest stories that have a big impact on economic development. He holds a BSc in Communication and Journalism from Moi University and has worked for various organisations including Kenya Television Service. Email: fmuli@businesstoday.co.ke or mulifranc2@gmail.com

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Updates

NEWS3 days ago

DPP seeks to withdraw forgery case in Sh500m Karen land suit

The Director of Public Prosecutions (DPP) has requested for withdrawal of the case against Guy Spencer Elms, the lawyer accused...

Politics3 days ago

Chebukati ‘out to fix Chiloba’

When Judge Stephen Radido delivered his ruling on Thursday setting aside IEBC chairman Wafula Chebukati’s decision to send the CEO,...

Health5 days ago

Pharmaceutical firm backs social investments in healthcare

Boehringer Ingelheim, one of the world’s leading pharmaceutical companies, and Ashoka, the world’s largest network of social entrepreneurs, have held...

Education5 days ago

MKU ranked among 10 best universities in Kenya

Four local private universities in top 10 ranking of universities in the country.

NEWS6 days ago

4 MultiChoice traders win trip to watch World Cup in Russia

They will have an experience of a lifetime touring Petersburg, the Vodka Museum and enjoy a private boat tour along...

Bt Intelligence7 days ago

Inside the boda boda millionaire industry  

In small doses of Sh50 and Sh100, Kenyans spend Ksh600 million daily on motorcycle services

Education1 week ago

Daystar University sacks vice-chancellor

Striking students had decried mismanagement of funds and quality of education

Politics2 weeks ago

Battle for Machakos governor heads to the Supreme Court

The court faulted the IEBC returning officer for using an excel spreadsheet to record results instead of Form 37A

NEWS2 weeks ago

Shock as comedian Chipukeezy appointed to NACADA board

President Uhuru Kenyatta has appointed local comedian Mwasia Mutua, popularly known as Chipukeezy, as a Director in the board of...

NEWS2 weeks ago

10 confirmed dead as missing plane wreckage found

Among those who perished are two female pilots and eight passengers

Advertisement

Trending