Search Results for: PAYE NEW RATES
KRA EXCEEDS REVISED TARGET, RECORDS HIGHEST REVENUE GROWTH IN HISTORY
(Press Release) 07/07/2022
... patriotic taxpayers who contributed to the collection of revenue surplus of KShs. 148.9 Billion against the original target, which is the highest surplus ever in KRA’s history. This also enabled The Authority ...
Do you Know your Tax Obligation?
(Blog) 27/04/2022
... rate and at the prescribed time. Some Ways of Collecting Income Tax Pay As You Earn (PAYE) Withholding Tax Installment Tax Advance Tax Turnover Tax Capital Gains Tax PAYE for example ...
Changes to Stamp Duty Payment to enhance Ease of Doing Business
(Blog) 26/11/2021
One of the functions of KRA is to partner with other entities to collect revenue on their behalf. This is known as agency revenue, with Stamp duty being one of them. What is Stamp Duty? Stamp Duty ...
Have you filed your 2020 Income Tax Returns?
(Blog) 03/06/2021
... in tax laws. Most of the changes were aimed at cushioning taxpayers against detrimental effects of Covid-19. The Tax Laws (Amendment) Act(No.1) of 2020 that was effected on 25th April 2020 introduced new ...
JANUARY 2021 REVENUE PERFORMANCE A REFLECTION OF KENYA’S ECONOMIC RESURGENCE
(Press Release) 08/02/2021
... been initiated to cushion individuals and business entities against the effects of the Covid-19 pandemic. These included the reversal of; VAT rate from 14% to 16%; PAYE top marginal rate from 25% to 30%; ...
December Revenue Performance a Reflection of Kenya's Economic Recovery Prospect
(Press Release) 18/01/2021
... You Earn (PAYE) taxes recorded the best performance at 99.8% while Withholding Tax surpassed the target by Kshs 725 million reflecting positive economic recovery prospects. Corporation Taxes recorded ...
Tax Issues to Consider when Investing in Kenya
(Blog) 11/09/2020
... tax on their income at the rate of 25% and 37.5% respectively. Other taxes affecting companies include Withholding tax, Pay As You Earn (PAYE), Value Added Tax (VAT), Capital Gains Tax (CGT), Stamp duty ...
TAXATION OF EMOLUMENTS/PENSIONS
(Public Notices) 27/04/2020
... paying employees for the month of April 2020 shall apply the following new individual monthly and annual tax rates in deducting and remitting Pay As You Earn (PAYE) taxes on emoluments/pensions of their ...
Taxation Made Simpler - Turnover Tax and Presumptive Tax
(Public Notices) 07/02/2020
... will be paying taxes through simplified processes including; mobile phone payment platforms. Under the simplified regime, taxpayers will not be required to prepare complex records of account. The eligible ...
Things You Need To Know Before Filing Your 2019 Income Tax Returns (For Employment Income)
(Blog) 30/01/2020
... total income received in a year and may include the following depending on the structuring by the employer; basic salary, allowances and benefits, gross salary, pension contribution, PAYE charged and personal ...
Tackling Challenges of the Shadow Economy in Kenya
(Blog) 17/12/2019
... of registered taxpayers is about 4 million against an estimated working age population of over 31 million Kenyans. This implies that there is a heavy tax burden placed on a very small fraction of the population, ...
(What is Income Tax?) 11/02/2019
... (PAYE) Withholding Tax Installment Tax Advance Tax Turnover Tax Capital Gains Tax Individual Income Tax Individual Income Tax is charged for each year of income on all the income ...
Integrated Customs System, a Game Changer in Clearance of Goods
(Blog) 20/06/2018
iCMS promises to further simplify and optimize Customs processes. Customs agencies, globally, are facing the emerging dilemma of continuously balancing demands to improve trade facilitation while at ...
(Taxation for Companies & Partnerships) 07/06/2018
... Tax on income accrued within Kenya only. Do partnerships pay corporation tax? b. Pay As You Earn (PAYE) This is a method of collecting tax at source from individuals in gainful employment. ...
Individual Income Tax Bands and Resident Personal Relief
(Public Notices) 09/01/2018
... Kshs. 15,360 per annum (Kshs. 1,280 per month) to Kshs 16,896 per annum (Kshs. 1,408 per month) Employers, employees and other individual taxpayers are advised to implement the above changes while computing ...
INDEPENDENT PANEL OF TAX EXPERTS
(careers) 06/05/2019
... to both the Kenya Revenue Authority (KRA) and Taxpayers. Tax dispute resolution which doesn’t appear to be independent to the taxpayer also impacts negatively on Customer Service to Taxpayers and hampers ...
(Public Notices) 05/02/2019
... to a county government, the respective taxpayer will log into the iTax profile to generate a payment slip by selecting the Tax head as Income Tax and subhead as Presumptive Tax. Payments shall then be ...
iTax Enhancements for December 2018 and January 2019
(Public Notices) 30/01/2019
... license/permit to a county government, respective taxpayer will log into the iTax profile to generate a payment slip by selecting the Tax head as Income Tax and sub head as Presumptive Tax. Payments shall ...
Customer Service Advisor (Short-Term Contract)
(careers) 24/01/2019
... and register potential taxpayers in order to expand the tax register, improve voluntary compliance and improve revenue collections. Educate the customers on their rights, obligations and the need for ...
