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KRA Tax Returns
mukiha
#11 Posted : Tuesday, June 28, 2011 1:37:12 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
From the BD story:

"Mr John Njiraini, the commissioner for domestic tax at KRA, however warned employees to ensure their returns were accurately presented by their employers."

Now how do you do that? Why not simply fill it yourself?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
githundi
#12 Posted : Tuesday, June 28, 2011 2:02:12 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
Just one question. How many have been penalised for not making tax returns? And i filed my returns last year, probably misplaced: any evidence to the contrary? ..........
Democracy does not belong to the dead
For Sport
#13 Posted : Tuesday, June 28, 2011 2:05:56 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
mukiha wrote:
From the BD story:

"Mr John Njiraini, the commissioner for domestic tax at KRA, however warned employees to ensure their returns were accurately presented by their employers."

Now how do you do that? Why not simply fill it yourself?


Dear Boss,
Kindly furnish me with a copy of the tax return submitted to KRA on my behalf for record purposes.

Your humble employee servant.

C.C. Ceaser
accelriskconsult
#14 Posted : Tuesday, June 28, 2011 3:35:21 PM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
Mukiha KRA placed an advert on the Friday 24th Daily Nation newspaper clarifying that employees whose only source of income is employment do not need to file tax returns. but wait, you probably dont qualify as you received dividends from a few of the listed companies. Strictly speaking, you need to file a tax return declaring this income although no tax is due on it.
mukiha
#15 Posted : Tuesday, June 28, 2011 3:52:47 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@accelriskconsult; This is the advert your talking about: http://www.kra.go.ke/not...g-income-tax-return.pdf

Read it again and you will see what I mean by "very carefully drafted so that it doesn't say in BLACK and WHITE that employees are not expected to fill returns for 2010 income"

It says in part: "KRA wishes to notify the public that the ammendment to section 52b(1) of the income tax act concerning the filing returns by employees does not affect the following cases... Employees qualifying under the ammended requirement who wish to file returns may continue doing so..."

Now, that announcement is not clear whether they are talking about 2010 or 2011 year of income.

The top left-hand corner of this ad reads: "Your year 2010 income tax return is due"

KRA is usually clear about requirements and this time round I am wondering why they are beating about the bush. Perhaps they are also not sure what the status is.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
accelriskconsult
#16 Posted : Tuesday, June 28, 2011 4:15:07 PM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
Mukiha, I get you point but my interpretation on the 2010 return being due is that it is intended for people in the categories other than people with income from only 1 source of employement.

But I guess this notice is irrelevant for most people in Wazua as they have several sources of income
anasazi
#17 Posted : Tuesday, June 28, 2011 4:35:20 PM
Rank: Veteran

Joined: 6/8/2007
Posts: 675
This is indeed a confusing directive. Now now, I received some small checks for dividends... 200 - 300 bob. Do I also have to declare this? I was so unmoved by the amounts that I dont even have a record of them! That is IF I banked the check!
Form is temporary, class is permanent
tuvok
#18 Posted : Wednesday, June 29, 2011 9:45:23 AM
Rank: Member

Joined: 5/2/2007
Posts: 536
dividends - deducted at source... And enyewe sometimes they are so small. At times one doesn't even bank them
mukiha
#19 Posted : Thursday, June 30, 2011 7:32:24 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
anasazi wrote:
This is indeed a confusing directive. Now now, I received some small checks for dividends... 200 - 300 bob. Do I also have to declare this? I was so unmoved by the amounts that I dont even have a record of them! That is IF I banked the check!


Withholding tax on dividends is a final tax. It doesn't go into the tax return.

Think about it: you company makes some profit and pay corporate tax on it. Then from the Profit AFTER tax, it pays you some dividend. The tax on this money has already been paid, hasn't it?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
mmunguti
#20 Posted : Thursday, June 30, 2011 10:28:22 AM
Rank: New-farer

Joined: 6/23/2011
Posts: 53
People do get refunds.if u have, u should go to 18th floor, there are also people on ground floor where u can make inquiries on the same.
if u think u have a refund on ur 2010 return, u best file it. otherwise hautapewa.
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