Howto do withholding tax on iTax

The new KRA iTax system has come with its challenges but it has greatly improved some of the taxpayer obligations that we have to undergo every month. One such procedure is how to do your Withholding tax reporting and how to make the payment. Refer to this post and see how it used to be […]

Image10 months ago http://www.kenyamanual.co.ke/2014/03/howto-do-withholding-tax-on-itax/
Company registration on KRA’s iTax

Following the recent KRA developments, KRA have issued a notice informing the public about their new tax administration system. The system is meant to offer efficient and effective taxpayer service delivery and we have all been advised to file our returns through the online platform. As of the 1st March 2014, KRA will not accept […]

11 months ago http://www.kenyamanual.co.ke/2014/02/company-registration-on-kras-itax/
Employee PIN, NHIF & NSSF reg.

This blog post describes what procedures you need your employees to follow before they are fully registered. For your company to be fully compliant you need all your employees to go through these procedures. Personal Identification Number (PIN) Checklist National I.D number One or both parents’ ID numbers Motivation PIN is a statutory requirement under […]

1 year ago http://www.kenyamanual.co.ke/2013/06/employee-pin-nhif-nssf-reg/
Nairobi business permit renewal

Checklist 1x a copy of the original previous business permit. 1x a copy of ID or passport or PIN certificate. 1x a copy of certificate of registration of business or incorporation certificate for company. Motivation Any person carrying out business must obtain a business permit by the 31st March of current trading year or may […]

Gallery1 year ago http://www.kenyamanual.co.ke/2013/04/nairobi-business-permit-renewal/
How to pay for Withholding Tax

Checklist 2x KRA payment slip for EACH payment (W8F is the mostly used one) 1x KRA paying-in-slip National ID card/Passport – to get into the premises. Time requirements: 30 minutes preparation time + 3 hours (at least) queue time. Motivation The payer (Agent) of the income mentioned is responsible for deducting and remitting the tax […]

1 year ago http://www.kenyamanual.co.ke/2013/04/how-to-pay-for-withholding-tax/
KRA End of Year PAYE Returns

If you are a tax income company (which every registered company should be) you are required by law to submit quite a number of documentation and payments to KRA at specific times in the year. For the purpose of this blog post, I will only concentrate on PAYE – a method of collecting tax at […]

1 year ago http://www.kenyamanual.co.ke/2013/03/kra-end-of-year-paye-returns/
Howto file your receipts

When starting a new business there are so many new things you have to sort out and it can be hard to do it all within the limited time you have available. Accounting is often seen as one of the less interesting aspects to handle – yet it is very critical in ensuring compliancy. But […]

2 years ago http://www.kenyamanual.co.ke/2012/08/howto-file-your-receipts/
Howto register for National Health Insurance Fund (NHIF)

Checklist 3x Application for Employers Registration Form (from the NHIF website) 3x Certificate of Registration 3x TAX PIN Certificate Time requirements: 30 minutes preparation + 10 minutes queue time. Motivation The employer is responsible for making deductions and remitting to NHIF by the due date, which is the 9th of every month. A Penalty of […]

2 years ago http://www.kenyamanual.co.ke/2012/06/howto-register-for-national-health-insurance-fund-nhif/
Howto do VAT on iTax

Everyone knows that VAT reporting and payments should be made on or before the 20th of every month. A lot of us have been using the old Taxpayer software/ ITMS before but are slowly shifting to iTax as required by KRA. We have been doing a series of posts on the different company tax obligations […]

Image7 months ago http://www.kenyamanual.co.ke/2014/06/howto-do-vat-on-itax/
Howto do PAYE on iTax

“Pay As You Earn” (PAYE), as a method of tax deduction from employee’s salaries or wages applies to all income from any office or employment. It applies to weekly wages, monthly salaries, annual salaries, bonuses, commissions…e.t.c. Pretty much every single coin earned in this country within employment is liable to tax! So as part of […]

Image7 months ago http://www.kenyamanual.co.ke/2014/06/howto-do-paye-on-itax/
Missing previous submissions on iTax…??

A lot of us have been struggling with the new iTax system for a while now. Most problems we have been able to handle, with the help of KRA but others keep cropping up every now and then. This post is focused on yet another problem that like us, some of you might have encountered […]

Image8 months ago http://www.kenyamanual.co.ke/2014/05/missing-previous-submissions-on-itax/
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