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Yarab A   Jan-24-2020
In order to make the iTax payment easier for taxpayers, the authority has built the payment gateway in collaboration with commercial banks and the KRA.
Broadly, filing VAT return is a 4-step process. First, you need to download the latest VAT return Excel format, next you need to complete the excel format by mentioning details in relevant sheets.
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All the businesses registered under VAT need to file a monthly KRA VAT Return using VAT Form -3. The VAT Return Excel format consists of 14 sub-sheets, out of which 11 sheets.
The iTax online platform has eased the life of the taxpayers in meeting various tax-based responsibilities. Those who have no business or not in gainful employment must file nil KRA tax returns.
To being with, there are different types of KRA tax returns based on the tax obligation of an individual or the business.
The Kenya Revenue Authority (KRA) iTax Portal is an online platform designed to provide various online services in order to simplify the tax-based responsibilities.
Tax in Kenya is a web-based system introduced by the Kenya Revenue Authority (KRA) to simplify the revenue collection in Kenya.
As a business, it is necessary to be cognizant about it to avoid any non-compliance scenarios which will impact your business negatively