Home MARKETS SMART MONEY **w to file KRA tax returns

**w to file KRA tax returns

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Every employed or income generating Kenyan citizen needs to pay tax. By 30th of June every year, you s**uld have filed your KRA tax returns whether physically at the KRA offices or online through the KRA online portal.

This is well stipulated under section 52B of the income Tax Act, which states that every individual chargeable to tax under  this Act shall for any year of income, furnish to the commissioner a return of income, including a self*****sment of his tax from all sources of income, not later than 30th June.

If you do not submit the return by this date you w*** be liable to a penalty at the rate of 5% of the net tax due for every period of 12 months or part thereof, minimum penalty being Ksh1,000, which has now been raised to Ksh20,000.

In order to file tax returns, here are the do***ents you w*** need:

  • Employer information for the employed individuals
  • Employer’s PIN if you’re employed. Request your employer to give you the P9 Form. It contains all the information you’ll need to file the returns
  • Financial Statements
  • Insurance Premium Certificate/ PIN of Underwriter/Mortgage interest certificate
  • With**lding tax certificates where applicable
  • Any other do***ents relating to income you received or deductions you need to claim

Read Also: Three reasons you must file your taxes

Here’s **w to file for the KRA tax returns online:

Visit the KRA portal site and login using your KRA PIN.

Click on ‘Returns’ and then c**ose ‘File Returns’ on the drop-down menu

Select the type, Enter your taxpayer’s PIN and select the Tax obligation applicable to you (i.e Resident, non-resident or rent income) before clicking on ‘Next’

The next page w*** walk you through the f***ing process. Basically, you just need to click on the links provided to either download the Tax Returs form in Excel or ODS

F*** out all the applicable areas in the downloaded tax returns form and save your do***ent in your computer.

You need to enable macros to be able to ‘Validate’ and Zip your File.

Return to the page and select the period for which you are f***ing the returns, upload the zip*** f***ed out Returns form, agree to the terms and select ‘Submit’.

When asked whether you would like to upload the file, click on ‘OK’. For more details visit the kra portal

 

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]

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