Posts

Showing posts from June, 2023

VAT Act in Kenya

Image
The VAT Act (Cap 476) is a key piece of legislation in Kenya that governs the administration, collection, and imposition of Value Added Tax (VAT) in the country. It provides the legal framework for the implementation of VAT and outlines the rights, obligations, and responsibilities of taxpayers, businesses, and the tax authorities. The VAT Act is designed to ensure the effective and efficient collection of VAT while promoting fairness and transparency in the tax system. It covers various aspects of VAT, including registration requirements, taxable supplies, tax rates, exemptions, invoicing obligations, record-keeping, and compliance procedures. It also defines the powers and functions of the Kenya Revenue Authority (KRA) in administering and enforcing VAT. Understanding and complying with the provisions of the VAT Act is crucial for businesses and individuals to fulfill their VAT obligations and avoid penalties or legal consequences. This article provides a comprehensive guide to the V

VATable Services in Kenya

Image
Value Added Tax (VAT) is an indirect tax levied on the consumption of goods and services in Kenya. It is important for businesses and consumers to understand which services are subject to VAT and the implications it has on pricing and compliance. This article aims to provide a comprehensive overview of VATable services in Kenya, including the scope of VAT, registration requirements, invoicing, and potential exemptions. Scope of VATable Services VAT is applicable to a wide range of services provided in Kenya. The scope of VATable services includes but is not limited to: Read Also: List of Vatable Goods in Kenya Professional Services: This category includes services provided by lawyers, accountants, architects, engineers, consultants, and other professionals. It encompasses fees charged for advisory, consulting, or technical services rendered by these professionals. Marketing and Advertising Services: Marketing and advertising services, such as branding, graphic design, media pla

How to Retriven KRA PIN Using Email

Image
If you've forgotten your KRA PIN and want to retrieve it using your email address, you're in the right place. In this guide, I'll walk you through the process of retrieving your KRA PIN using your email address. We'll go step by step in a conversational manner to make it easy for you. Let's get started on retrieving your KRA PIN ! Understanding the Importance of a KRA PIN Before we dive into the process, let's briefly discuss the significance of a KRA PIN. The KRA PIN, issued by the Kenya Revenue Authority, is a unique identification number used for various tax-related purposes. It is essential for filing tax returns , conducting business transactions, and accessing government services. Keeping your KRA PIN secure and accessible is vital for managing your tax obligations effectively . Read Also: KRA PIN Certificate  kra pin  certificate Step-by-Step Guide to Retrieve Your KRA PIN using Email Follow these steps to retrieve your KRA PIN using your email

How to Get KRA PIN via SMS

Image
Retrieving your KRA PIN via SMS is not possible. The correct method to obtain your KRA PIN is through the KRA iTax portal or by contacting the Kenya Revenue Authority directly. I Importance of a KRA PIN Before we proceed, let's reiterate the importance of a KRA PIN. The KRA PIN, issued by the Kenya Revenue Authority, is a unique identification number used for tax-related purposes in Kenya. It is crucial for filing tax returns, conducting business transactions, and accessing government services. Keeping your KRA PIN secure and readily available is essential for fulfilling your tax obligations. Read Also: How to Get KRA PIN via Email Retrieving Your KRA PIN To retrieve your KRA PIN, follow the correct procedure outlined below:  Step 1: Visit the KRA iTax Portal Open your preferred web browser and visit the official KRA iTax portal by entering the URL:  https://itax.kra.go.ke/KRA-Portal . This will take you to the KRA iTax homepage, where you can initiate the PIN retrieva

How to Get KRA PIN via SMS

If you’re looking to get your KRA PIN via SMS, you’re in the right place. In this guide, I’ll walk you through the process of obtaining your KRA PIN through SMS. We’ll go step by step in a conversational manner to make it easy for you. Let’s get started on getting your KRA PIN via SMS! Understanding the Importance of a KRA PIN Before we dive into the process, let’s briefly discuss the significance of a KRA PIN. The KRA PIN, issued by the Kenya Revenue Authority, is a unique identification number used for various tax-related purposes. It is essential for filing tax returns, conducting business transactions, and accessing government services. Keeping your KRA PIN secure and accessible is vital for managing your tax obligations effectively. Step-by-Step Guide to Get Your KRA PIN via SMS Follow these steps to get your KRA PIN via SMS: Step 1: Open the Messaging App on Your Mobile Phone Begin by opening the messaging app on your mobile phone. This could be the default messaging app or

How to Retriven KRA PIN Using Email

If you’ve forgotten your KRA PIN and want to retrieve it using your email address, you’re in the right place. In this guide, I’ll walk you through the process of retrieving your KRA PIN using your email address. We’ll go step by step in a conversational manner to make it easy for you. Let’s get started on retrieving your KRA PIN ! Understanding the Importance of a KRA PIN Before we dive into the process, let’s briefly discuss the significance of a KRA PIN. The KRA PIN, issued by the Kenya Revenue Authority, is a unique identification number used for various tax-related purposes. It is essential for filing tax returns , conducting business transactions, and accessing government services. Keeping your KRA PIN secure and accessible is vital for managing your tax obligations effectively . Step-by-Step Guide to Retrieve Your KRA PIN using Email Follow these steps to retrieve your KRA PIN using your email address: Step 1: Visit the KRA iTax Portal Open your preferred web browser and g

How to Retrieve KRA PIN using ID Number Online

Image
If you've misplaced or forgotten your KRA PIN and need to retrieve it using your ID number, you've come to the right place. In this guide, I'll walk you through the process of retrieving your KRA PIN online using your ID number. We'll go through the necessary steps in a conversational manner to make it easy for you. Let's get started on retrieving your KRA PIN! Understanding the Importance of a KRA PIN Before we dive into the process, let's briefly discuss the significance of a KRA PIN. The KRA PIN, issued by the Kenya Revenue Authority , is a unique identification number used for various tax-related purposes. It is essential for filing tax returns , conducting business transactions, and accessing government services. Keeping your KRA PIN secure and accessible is vital for managing your tax obligations effectively. Step-by-Step Guide to Retrieve Your KRA PIN using ID Number Follow these steps to retrieve your KRA PIN using your ID number: Step 1: Visit

VAT Exemption in Kenya

Image
VAT (Value Added Tax) exemption is an important aspect of the tax system in Kenya. It refers to the provision that certain goods and services are not subject to VAT and do not attract any VAT liability. VAT exemption aims to alleviate the tax burden on specific goods and services that are considered essential or socially beneficial. This comprehensive guide will provide a thorough understanding of VAT exemption in Kenya, its purpose, the categories of exempt goods and services, and the implications for businesses and consumers. Read Also: VAT Exemption on Goods in Kenya Categories of VAT Exempt Goods and Services VAT exemption in Kenya applies to various categories of goods and services, including:  Basic Food Items: Basic food items such as unprocessed grains, fruits, vegetables, meat, fish, and dairy products are exempt from VAT. This exemption ensures that essential food items remain affordable and accessible to consumers. Agricultural Inputs: Certain agricultural inputs, su

VAT Act in Kenya

Image
The VAT Act (Cap 476) is a key piece of legislation in Kenya that governs the administration, collection, and imposition of Value Added Tax (VAT) in the country. It provides the legal framework for the implementation of VAT and outlines the rights, obligations, and responsibilities of taxpayers, businesses, and the tax authorities. The VAT Act is designed to ensure the effective and efficient collection of VAT while promoting fairness and transparency in the tax system. It covers various aspects of VAT, including registration requirements, taxable supplies, tax rates, exemptions, invoicing obligations, record-keeping, and compliance procedures. It also defines the powers and functions of the Kenya Revenue Authority (KRA) in administering and enforcing VAT. Understanding and complying with the provisions of the VAT Act is crucial for businesses and individuals to fulfill their VAT obligations and avoid penalties or legal consequences. This article provides a comprehensive guide to the V

VAT Exemption in Kenya

VAT (Value Added Tax) exemption is an important aspect of the tax system in Kenya. It refers to the provision that certain goods and services are not subject to VAT and do not attract any VAT liability. VAT exemption aims to alleviate the tax burden on specific goods and services that are considered essential or socially beneficial. This comprehensive guide will provide a thorough understanding of VAT exemption in Kenya, its purpose, the categories of exempt goods and services, and the implications for businesses and consumers. Categories of VAT Exempt Goods and Services VAT exemption in Kenya applies to various categories of goods and services, including:  Basic Food Items: Basic food items such as unprocessed grains, fruits, vegetables, meat, fish, and dairy products are exempt from VAT. This exemption ensures that essential food items remain affordable and accessible to consumers. Agricultural Inputs: Certain agricultural inputs, such as seeds, fertilizers, and animal feeds, a

2nd Schedule to the VAT Act in Kenya

The 2nd Schedule to the Value Added Tax (VAT) Act is an important component of the VAT legislation in Kenya. It provides a detailed list of goods and services that are categorized under specific VAT rates, exemptions, and zero-rated supplies. This comprehensive guide aims to provide a detailed understanding of the 2nd Schedule, its significance, and how it impacts businesses and consumers in Kenya. Structure and Content of the 2nd Schedule The 2nd Schedule to the VAT Act consists of various sections and sub-sections that categorize goods and services based on their VAT treatment. It covers a wide range of sectors and provides clarity on the VAT rates applicable to different goods and services. 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. Read Also: VA

VAT Exempt Goods in Kenya

Value Added Tax (VAT) is an indirect tax levied on the consumption of goods and services in Kenya. While most goods and services are subject to VAT, there are certain categories of goods that are exempt from VAT. This article provides a comprehensive guide to VAT exempt goods in Kenya, exploring the criteria for exemption, the implications for businesses and consumers, and examples of commonly exempt goods. Criteria for VAT Exemption Essential Goods and Services: VAT exemption is often granted to goods and services that are considered essential for basic human needs. This includes items such as foodstuffs, healthcare services, and educational materials. 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. Social Welfare: Some goods and services that are provid

VAT Act in Kenya

The Value Added Tax (VAT) Act is a crucial piece of legislation in Kenya that governs the imposition, collection, and administration of Value Added Tax in the country. VAT is an indirect tax levied on the consumption of goods and services, and its implementation is governed by the VAT Act. This article provides a comprehensive guide to the VAT Act in Kenya, covering its key provisions, registration requirements, tax rates, invoicing obligations, and compliance obligations. Key Provisions of the VAT Act VAT Registration: The VAT Act outlines the criteria and procedures for VAT registration. Businesses with an annual turnover exceeding the prescribed threshold are required to register for VAT. The Act also provides provisions for voluntary registration for businesses with turnover below the threshold but wish to register voluntarily. Taxable Supplies: The Act defines taxable supplies as the provision of goods or services for consideration made in the course of business in Kenya. It