Cyber Dimension

If you are interested in venturing into the clearing and forwarding business in Kenya, it is essential to understand the licensing requirements. A clearing and forwarding license is a legal requirement for individuals or companies involved in customs clearance and logistics management. In this article, we will explore the process of obtaining a clearing and forwarding license in Kenya, highlighting the key steps and considerations. Understanding the Clearing and Forwarding License Before delving into the licensing process, it is crucial to have a clear understanding of what a clearing and forwarding license entails. The license is issued by the Kenya Revenue Authority (KRA) and is required for any individual or company engaging in customs clearance and forwarding activities within Kenya. It serves as a legal authorization to operate in the industry and signifies compliance with the relevant regulations and standards. Eligibility Requirements To be eligible for a clearing and fo...

If you are interested in venturing into the clearing and forwarding business in Kenya, it is essential to understand the licensing requirements. A clearing and forwarding license is a legal requirement for individuals or companies involved in customs clearance and logistics management. In this article, we will explore the process of obtaining a clearing and forwarding license in Kenya, highlighting the key steps and considerations. Understanding the Clearing and Forwarding License Before delving into the licensing process, it is crucial to have a clear understanding of what a clearing and forwarding license entails. The license is issued by the Kenya Revenue Authority (KRA) and is required for any individual or company engaging in customs clearance and forwarding activities within Kenya. It serves as a legal authorization to operate in the industry and signifies compliance with the relevant regulations and standards. Eligibility Requirements To be eligible for a clearing and forwar...

Clearing and forwarding is an essential process in international trade, ensuring the smooth movement of goods across borders. In Kenya, the Kenya Revenue Authority (KRA) plays a crucial role in facilitating and regulating clearing and forwarding operations. This article aims to provide an overview of the functions of the KRA in clearing and forwarding and explain them in a conversational manner. Customs Clearance and Inspection One of the primary functions of the KRA in clearing and forwarding is customs clearance and inspection. The KRA is responsible for ensuring that all imported goods comply with customs regulations and are properly declared. This involves verifying the accuracy of documentation, assessing the customs value of goods, and determining the applicable customs duties and taxes. To facilitate customs clearance, the KRA operates customs control points at various entry points, such as airports, seaports, and border posts. At these control points, KRA officers inspect ...

Clearing agents play a crucial role in facilitating the smooth movement of goods through customs and border controls. In Kenya, there are several clearing agents that provide services to importers and exporters, helping them navigate the complex procedures and regulations involved in clearing goods. These agents handle documentation, arrange for inspections, and ensure compliance with customs requirements. Here are some notable clearing agents in Kenya: Call Our 24/7 Helpline Today!   Cyber Dimension to unlock the secrets of accessing Kenya Revenue Authority (KRA), eCitizen, and Ghris platforms. Call us at +254-717-571314 or send us an SMS to understand your problem to ensure seamless interactions with government agencies. 1. Seaways Kenya LTD Location:  Nairobi Contact:  0709 925000 Website:   Seaways Kenya LTD Seaways Kenya LTD is a freight forwarding service that offers comprehensive clearing and forwarding solutions in Nairobi. They specialize in customs ...

Clearing and forwarding is an essential process in international trade, ensuring the smooth movement of goods across borders. In Kenya, the Kenya Revenue Authority (KRA) plays a crucial role in facilitating and regulating clearing and forwarding operations. This article aims to provide an overview of the functions of the KRA in clearing and forwarding and explain them in a conversational manner. Customs Clearance and Inspection One of the primary functions of the KRA in clearing and forwarding is customs clearance and inspection. The KRA is responsible for ensuring that all imported goods comply with customs regulations and are properly declared. This involves verifying the accuracy of documentation, assessing the customs value of goods, and determining the applicable customs duties and taxes. To facilitate customs clearance, the KRA operates customs control points at various entry points, such as airports, seaports, and border posts. At these control points, KRA officers inspect ...

Clearing and forwarding is an essential process in international trade, ensuring the smooth movement of goods across borders. In Kenya, the Kenya Revenue Authority (KRA) plays a crucial role in facilitating and regulating clearing and forwarding operations. This article aims to provide an overview of the functions of the KRA in clearing and forwarding and explain them in a conversational manner. Customs Clearance and Inspection One of the primary functions of the KRA in clearing and forwarding is customs clearance and inspection. The KRA is responsible for ensuring that all imported goods comply with customs regulations and are properly declared. This involves verifying the accuracy of documentation, assessing the customs value of goods, and determining the applicable customs duties and taxes. To facilitate customs clearance, the KRA operates customs control points at various entry points, such as airports, seaports, and border posts. At these control points, KRA officers inspect go...

Hey there! Are you wondering how to register for VAT with the Kenya Revenue Authority (KRA)? In this  article, we'll walk you through the process step by step, ensuring you have a clear understanding of what needs to be done. So, let's dive right in! What is VAT and Why Register? Value Added Tax (VAT) is a consumption tax levied on the supply of goods and services in Kenya. It is an essential part of the tax system and helps the government generate revenue for public services. If your business meets the turnover threshold set by KRA, it is mandatory to register for VAT. Who Needs to Register for VAT? Businesses with an annual turnover of Ksh 5 million or more are required to register for VAT. However, voluntary registration is also possible for businesses with a lower turnover, allowing them to benefit from VAT refunds on their input expenses. Registering for VAT To register for VAT with KRA, follow these simple steps: 1. Prepare the Required Documents: Before start...

Hey there! Are you curious about the new tax rates in Kenya? In this conversational article, we’ll walk you through the latest updates on tax rates in Kenya and how they may affect individuals and businesses. So, let’s dive right in! Understanding the Recent Tax Rate Changes Tax rates play a crucial role in determining the amount of tax individuals and businesses need to pay. Here are the key highlights of the recent tax rate changes in Kenya: Personal Income Tax Personal income tax refers to the tax individuals pay on their earnings. The recent changes in Kenya’s personal income tax rates aim to enhance fairness and redistribute the tax burden. The new tax rates are structured as follows: 1. Lower Income Bracket : For individuals earning up to Kshs 24,000 per month, the tax rate remains unchanged at 10%. This ensures that low-income earners are not burdened with higher taxes. 2. Middle Income Bracket: Individuals earning between Kshs 24,001 and Kshs 40,000 per month now face a ...

Hey there! Are you curious about how to file turnover tax in Kenya? Well, you’ve come to the right place. In this conversational article, we’ll walk you through the process step by step, ensuring you have a clear understanding of what needs to be done. So, let’s get started! What is Turnover Tax? Turnover tax, also known as TOT, is a simplified tax regime introduced by the Kenyan government to make tax compliance easier for small businesses. It applies to individuals or businesses with an annual turnover not exceeding Kshs 5 million. Who Should File Turnover Tax? If you’re a sole proprietor, partnership, or self-employed individual operating a business in Kenya and your annual turnover does not exceed Kshs 5 million, you are eligible to file turnover tax. It’s important to note that turnover tax is applicable to both resident and non-resident businesses. Registering for Turnover Tax To file turnover tax, you first need to register for it. Here’s how you can do it: 1. Visit the K...

The introduction of the 1% minimum tax in Kenya through the Finance Act 2020 has generated considerable debate among businesses and tax experts (source: KRA) . This tax aimed to expand the tax base and institute equity and fairness among taxpayers. However, the High Court of Kenya declared the minimum tax unconstitutional, effectively halting its implementation. This article will explore the implications of the 1% minimum tax in Kenya, its objectives, and the potential impact on businesses. The Origin of the 1% Minimum Tax in Kenya The Finance Act 2020/2021 introduced the 1% minimum tax in Kenya, with an effective date of 1st January 2021. This tax was intended to apply at the rate of 1% of gross turnover and would not be payable by persons whose income is tax-exempt or earning employment. However, the High Court of Kenya declared the minimum tax unconstitutional on the grounds that it violated the principles of equity, fairness, and reasonableness. As of the latest update, the 1% min...

Navigating through the tax landscape can be overwhelming, especially when dealing with various tax obligations, such as the Pay As You Earn (PAYE) for employees. This comprehensive guide will take you through the process of filing PAYE Kenya Revenue Authority (KRA) returns for employees in a conversational manner, making it simple and easy to understand. Understanding PAYE in Kenya Before we dive into the process of filing returns, let's first understand what PAYE is. PAYE, an acronym for Pay As You Earn, is a method of tax deduction from employees' income at the point of payment by the employer on behalf of KRA . The responsibility of calculating, deducting, and remitting the tax to KRA rests with the employer. Also Read: KRA Portal Why is PAYE Important? PAYE is an integral part of Kenya's tax system because it simplifies the tax payment process. Instead of employees having to calculate and pay their taxes independently, the employer does this on their behalf. This no...

Navigating the tax landscape can seem daunting, particularly if you're a salaried employee who's filing tax returns for the first time. However, the process isn't as intimidating as it seems. In this article, we'll walk you through the process of filing a return for a salaried employee in Kenya, and we'll also discuss how to account for withholding tax. Understanding the Basics: What is a Tax Return? First things first, what is a tax return? A tax return is essentially a document that declares your taxable income, deductions, and other tax-related details to the tax authorities, in this case, the Kenya Revenue Authority (KRA). As a salaried employee, you're required by law to file an annual tax return. Read Also: How to File Nil Returns The Role of the P9 Form As a salaried employee, your employer should provide you with a P9 form at the end of the financial year. This form details your income and the tax deducted throughout the year by your employer. The P9...

When it comes to taxation in Kenya, the Kenya Revenue Authority (KRA) has specific rules and regulations regarding what constitutes qualifying interest. This guide will provide a general understanding of what qualifying interest is and how it's treated for tax purposes in Kenya. Understanding Qualifying Interest Qualifying interest refers to the interest income that is eligible for certain tax treatments under the Kenyan tax laws. It's important to note that not all interest income may be considered as qualifying interest. Read More: Qualifying Dividends in Kenya Qualifying Interest in Kenya In Kenya, qualifying interest is typically associated with interest earned from bank deposits, government bonds, and other similar income-generating assets. The interest earned from these sources is usually subject to withholding tax . Tax Treatment of Qualifying Interest The withholding tax rate on qualifying interest income in Kenya is 15%. This means that the institution pay...

In this article, we will explore the topic of the Kenya Revenue Authority (KRA) tax exemption certificate. Tax exemptions play a crucial role in promoting inclusivity, reducing financial burdens, and ensuring equal treatment for eligible individuals and organizations. We will delve into the purpose and benefits of the KRA tax exemption certificate, discuss the eligibility criteria, and provide a step-by-step guide on how to obtain it. Join us as we navigate the world of tax exemptions in Kenya and shed light on this important aspect of the tax system. What is a Tax Exemption Certificate? A tax exemption certificate, issued by the Kenya Revenue Authority, is an official document that grants eligible individuals or organizations relief from certain taxes imposed by the government. These exemptions aim to create a fair and inclusive tax system, encourage economic growth, and support specific sectors or causes. The KRA tax exemption certificate serves as proof that the holder is exempt f...

Tax exemption for persons with disabilities is an essential aspect of promoting inclusivity and supporting individuals who face unique challenges. In this article, we will explore the concept of tax exemption for persons with disabilities in Kenya, its purpose, eligibility criteria, and the benefits it provides. Understanding these aspects can help individuals with disabilities and their families navigate the tax system and maximize the available exemptions. What is Tax Exemption for Persons with Disabilities? Tax exemption for persons with disabilities refers to the provision of relief from certain taxes imposed by the government. It aims to reduce the financial burden faced by individuals with disabilities and recognizes the additional costs associated with their daily living and healthcare needs. The Kenya Revenue Authority (KRA) offers specific tax exemptions to eligible individuals to ensure fairness, inclusivity, and equal opportunities. Eligibility Criteria for Tax Exemption ...