Introduction:
Being a good citizen requires you to take care of your tax obligations. The Kenya Revenue Authority (KRA) is in charge of tax collection in Kenya. This step-by-step manual will help you through the procedure if you’re unsure of how to file your KRA returns, assuring a simple and hassle-free experience.
Step 1: Sign up for a KRA PIN.
You must request a Personal Identification Number (PIN) from the KRA before submitting your tax returns. To finish the registration process, go to the KRA office that is closest to you or their website. Give the required papers and adhere to the KRA authorities’ directions.
Step 2: Compile the necessary documents
Collect all the necessary paperwork so you can finish your KRA returns. These normally consist of your KRA PIN, your employer’s P9 form, bank statements, business income statements, rental income statements, and any further supporting documents.
3. Visit the iTax Online Portal.
The KRA offers an electronic tax return filing service called iTax (https://itax.kra.go.ke/). If you don’t have an iTax account, create one now. Utilize your KRA PIN and password to get into your account. By following the instructions, you can reset your password if you lose it.
Step 4: Choose the Correct Tax Return Form
You can locate different tax return forms once you’ve registered in to the iTax portal. Depending on your source(s) of income, select the appropriate form. ITR 1 is the standard form for the majority of people. To continue, choose this form.
Step 5:Fill out the tax return form.
Give complete, precise information when completing the tax return form. Describe your income, deductions, allowances, tax relief, and any other pertinent facts in detail. You may easily complete the form by following iTax’s clear instructions for each field.
Step 6: Validate and Verify Return of your Taxes
Check everything you entered a second time before submitting your tax return. Make sure you’ve included any necessary supporting documentation and that the information you’ve supplied is accurate. You may minimize errors and lower the possibility of KRA questions by reviewing your return.
Seventh step: file your tax return
When you are certain that everything is accurate, press the “Submit” button to file your tax return online. The iTax portal will produce an acknowledgment receipt indicating that your returns were successfully submitted. A copy of this receipt should be kept for your records.
Step 8: Pay any overdue taxes, if any.
After taking into account any taxes that have already been submitted through your employer, if your tax return indicates that you owe money in taxes, pay it right away. You have a choice of payment options, including M-Pesa, bank transfer, and in-person at a designated bank. Make sure to adhere to the guidelines provided for proper and timely payment.
Step 9: Follow-up and Record-Keeping
After submitting your tax return, regularly check your iTax account for any updates, messages, or requests from the KRA. They may conduct audits or require additional information. To comply with tax regulations, retain copies of your tax documents and records for at least five years.
In conclusion, each and every Kenyan taxpayer has a duty to submit their KRA returns. You may manage the process with confidence and guarantee conformity with tax requirements by following our step-by-step manual. Keep in mind that at Frimor Safe Way Solutions, we provide all of these services through our 24/7 online shop. All of your tax-related work is done by professionals in this area. To finish the work, we only require the relevant data and paperwork from our clients. Regardless of where you are, we handle all the work and assist our clients in avoiding pointless fines.
