Step-by-step guide on how to file KRA tax returns in Kenya

what are KRA tax returns?

KRA tax returns refer to the process of submitting tax information to the Kenya Revenue Authority (KRA) periodically. This process involves declaring income earned and taxes paid during a specific tax year. KRAIndividuals and businesses file KRA tax returns annually to provide a record of their taxable income and tax payments. Individuals are required to file an Individual Income Tax Return (ITR) while businesses file a P9 tax return. The tax returns provide KRA with information such as the taxpayer's total income, taxable income, tax deductions, tax credits, and tax payments. This information is used to assess the amount of tax owed or refundable.

Filing KRA tax returns is a legal requirement in Kenya, and failure to do so can result in penalties and legal action. It is important to file accurate and complete tax returns to avoid any issues with the tax authorities.

The deadline for filing KRA tax returns is usually June 30th of the following year for individuals and January 30th of the following year for companies. However, it's best to check the KRA website for the specific deadlines for the current year.

Steps By Step On How to file KRA tax returns

To file your KRA (Kenya Revenue Authority) tax returns, follow these steps:

1. Gather the necessary information: You'll need to have your KRA PIN, your employment or business income information, and any other income or expenses you need to declare.

2. Access the iTax portal: Log in to the iTax portal by visiting the KRA website Link and clicking on the "iTax Login" button. Enter your KRA PIN and password to access your account.

3. Select the tax return form: Select the tax return form you need to file based on your type of income. You can choose to file an individual tax return (ITR) or a business tax return (P9).

4. Fill in the tax return form: Fill in the required fields on the tax return form. Make sure to enter all the necessary information correctly, including your personal information, income details, and any allowable expenses.

5. Review the tax return form: Once you have filled in all the required fields, review your form to ensure all the information is accurate. If you find any errors, correct them before submitting the form.

6. Submit the tax return form: Once you are satisfied that all the information on the form is correct, click on the "Submit" button to file your tax return.

7. Download the acknowledgment receipt: After submitting your tax return form, download the acknowledgment receipt as proof that you have filed your tax returns.

Note: The deadline for filing KRA tax returns is usually June 30th of the following year for individuals and January 30th of the following year for companies. However, it's best to check the KRA website for the specific deadlines for the current year.

Also, Read: How To Apply For Visa Step By Step