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Declaration of mobile device IMEI numbers by mobile device import traders.

KRA Directs Mobile Device Traders to Declare IMEI Numbers 

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The Kenya Revenue Authority (KRA) has notified all importers of mobile devices and travelers of new customs declaration requirements, following the Communication Authority of Kenya’s (CAK) public notice on strengthening the integrity and tax compliance of mobile devices. The following are the new mobile device regulations effected by KRA: Directives to Mobile Device Importers Through […]

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An accountant performing ledger reconciliation for his company's legacy ledger balances.

WHY BUSINESSES HAVE UNTIL DECEMBER 2024 TO RECONCILE THEIR LEGACY LEDGER BALANCES WITH KRA

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Have you recently been impacted by unusually new tax balances on your KRA iTax portal? Well, it might be because of the migration of your legacy ledger balances to iTax by the Kenya Revenue Authority (KRA).   On February 14, 2020, KRA issued a public notice notifying all taxpayers of its intention to undertake a reconciliation

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While filing your income tax returns, gather all financial records to calculate the taxable income.

Filing Income Tax Returns Efficiently: A Guide For Businesses

Leave a Comment / Filing Income Tax Returns, Tax Laws, Uncategorized, VAT Special Table /

Businesses often rush to file their tax returns on or before the deadlines, lest they get locked out and later bear the brunt of penalties. But do we really know what filing tax returns is all about? It may come as no surprise that some businesses have been making unintentional mistakes while fulfilling their tax

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