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fmukola
#1 Posted : Wednesday, November 16, 2011 10:27:21 AM
Rank: Hello


Joined: 11/16/2011
Posts: 1
Hi pple,can someone advice on reverse charge vat in kenya and the best accouting method.Fm ,Thika
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mukiha
#2 Posted : Wednesday, November 16, 2011 10:31:59 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
fmukola wrote:
Hi pple,can someone advice on reverse cahrge vat in kenya and the best accouting method.Fm ,Thika


What is that?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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klan
#3 Posted : Wednesday, November 16, 2011 12:08:46 PM
Rank: Member


Joined: 3/3/2011
Posts: 119
fmukola wrote:
Hi pple,can someone advice on reverse charge vat in kenya and the best accouting method.Fm ,Thika


this is VAT charged on services imported into kenya.e.g trainings
it is payable by the recepient of the srvices but is claimable.

it is paid and claimed in the nxt month
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sparkly
#4 Posted : Wednesday, November 16, 2011 4:52:06 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
fmukola wrote:
Hi pple,can someone advice on reverse charge vat in kenya and the best accouting method.Fm ,Thika


VAT on services provided by a person out of Kenya to a person registered for VAT in Kenya.

VAT is paid by the person importing the services, since the person providing the service is out of Kenya and KRA has no way of enforcing out of Kenya.

Payment is through form "VAT 28" and the VAT is claimed through "VAT 3" return.

For more info holla sparkly99(at)ovi(dot)com
Life is short. Live passionately.
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EndowGaze
#5 Posted : Wednesday, March 23, 2016 2:42:20 PM
Rank: New-farer


Joined: 10/2/2012
Posts: 21
Hi guys, I need your advise on Reverse VAT. We hired expatriates staff from Thailand using a recruitment agency based in Dubai. The staff worked in Kenya. Now according to KRA we needed to pay for Reverse VAT for the fees paid to the recruitment agent. I am immensely confused. I welcome your input.
Money is like manure. You have to spread it around or it smells. ~ J. Paul Getty
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