Government through the National Treasury is looking forward to bring back the hefty excise duty on betting, a step that will push the gamblers and betting companies against the wall.The excise duty is set at the rate of 20% of the money in every bet.This move will see the punters and gambling companies contribute billions of money to the government through the Kenya Revenue Authority yearly.
Kenya Revenue authority made changes on the earlier announcement that they made concerning the filing of returns.In the first notice to the general public they had put in place very tough penalties for those who will not have filled return.In what happens to be a major relief to Kenyans, in the second announcement they did away with the list that contained the names of people whom they wanted to deregister their KRA pins for failing to file returns.
The Kakamega County senator who doubles as the Senate Deputy Minority whip has today left members of the senate assembly in stitches after openly lecturing the government for marginalising other communities in the government and development.At the same time, Senator Malala has pointed out some of the areas he feels the government has marginalised other communities.
Photo: Kenya Revenue authority offices Kenya Revenue authority has continued to pass strict measures to ensure that Kenyans faithfully file tax returns.In an message sent to Kenyans yesterday, KRA stated that those people who will not file returns risk being deregistered from the company.KRA would like to crack whip on Kenyans who have been evading paying of taxes in every financial year.
Filing nil returns comes once every year.There is therefore a probability of forgetting to file them.This year, we are supposed to file them before June 30.You don't need to feel inconvenienced rushing to a cyber cafe to file them.A smartphone will help you to do the same.
All Kenyans are having until the end of June 2021 before they could file their KRA returns.The tax return filing season for the 2020 year of income began on 1st January 2021.Until now, most Kenyans have not been able to file their KRA return because they forgot their itax password that is hindering them from accessing the KRA itax portal.
Kenya Revenue Authority (KRA) has listed more than 60,000 personal identifications numbers (PINs) that are to be deregistered after owners failed to file their tax returns.The authority has given a 30-day ultimatum to all persons eligible to remit Value Added Taxes as well as income taxes after which they begin the process of deregistering the PIN holders and erasing their data from the national servers.
The Kenya Revenue Authority has notified the public of their intention to Deregister and cancel exactly 62727 pins.Out of the total, 7107 belongs to individuals while the rest belongs to different registered self help groups, schools, non profit making organizations and companies.According to the kra website, the only pins which are going to be Deregistered and Canceled are those pins which are very dormant and do not remit nor file the value added tax (VAT) or declare their income at the end of year.
On Monday May 3, Kenya Revenue authority issued a 30 day notice for citizens to remit their taxes.KRA warned of conducting mass deregistration of Personal Identification Numbers for Kenyans who will fail to hit the dealine.This will bar them from conducting any business in the country.
In every developed country, tax has always been the backbone of development.It's through this income that the government is always able to bring in more cash to finance projects and government expenses.This is something that is supposed to be paid by anyone immediately you register and obtain a Kenya Revenue Authority Personal Identification Number.
The Kenya Revenue Authority has lost a court battle for a share of 4.4 billion insurance compensation money paid to Westgate Mall by Kenindia Assurance as compensation following 2013's terrorist attack in the shopping mall.The Kenya Revenue Authority submitted to the high court through commisioner of domestic tax demanding overturn of the Tax Appeal Tribunal decision that barred that tax man from demanding a total 380M tax from Westgate Shopping mall owners, Sony holdings limited.
You Are On Your Own: KRA Releases The Latest Statement That Should Be Taken Serious By All Taxpayers
All Kenyans with Kenya Revenue Authority (KRA) personal identification number (PIN) is supposed to fill tax return online.KRA pin has become compulsory to all citizens who want to open a bank account as well as those who want government services that involve money transactions.
Kenya Revenue Authority had previously announced very tough measures against those Kenyans who will not have filled their returns at the end of May.However, in a statement released today, they have made changes to the previous notice.The second notice which was released today in the morning shared a list of names of the people that KRA wanted to deregister their pins after the deadline for filing returns expires this coming month.
All Kenyans who are working in any formal sector is paying tax.This include those who are working in public and private sectors.For them to pay tax, they have personal identification number called KRA pin.The government has almost made it a compulsory for any citizen to have a KRA pin.
KRA has announcement its plan to deregister all the KRA pins that will not file nil or necessary returns.It is estimated that over 60,000 PINS are going to be lost.The PIN is critical in most of transactions such as stamping by commissioner of lands,land and rent payment, payment of utilities such as power and water among others.
Kenya Revenue Authority (KRA) is a government agency that comprises of the public and private board of directors.KRA plays key vital roles to the government such as assessing, collecting and accounting for all revenue on behalf of the state.It's a constitutional requirement that every citizen of a Kenya should pay tax.
The Kenya Revenue Authority has taken a different stand which is different from the one they issued on Monday.KRA had said that those people who do not file their returns by June 30th and have not been doing so, will see their PINs deregistered from the system.
The Kenya Revenue Authority, KRA, is an organ in the government that collects tax on behalf of the government.What are the repercussions should you fail to file the returns?All Kenyans who are registered under the Value Added Act 2013 and the Income Tax Act CAP 470 under the laws of Kenya, have been asked to file their returns.
Kenyans who will fail to file their tax return before the deadline set on June 30 risk losing their Kenya Revenue Authority (KRA) pins according to the taxman.Kenyans who also have previously failed to file their returns before without showing reason for failing to do so also risking losing their KRA Pins.
If you fail to file your returns before June 30th, you risk losing your Kenya Revenue Authority(KRA) pin.This is a part of KRA's move to enforce tax return compliance as has been provided for by 2015, tax procedures act.Wondering what will happen if your KRA pin is disqualified?