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Landlords of Wazua and compliance with KRA
Rank: Member Joined: 6/26/2008 Posts: 399
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Please advise on the above. It's a four-floor flat, income is approximately 300k a month and minus deductions (security, water) it comes to approx. Kshs 270,000 per month.
What is needed/should be done to ensure compliance with KRA?
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Rank: New-farer Joined: 4/8/2015 Posts: 42
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xtina wrote:Please advise on the above. It's a four-floor flat, income is approximately 300k a month and minus deductions (security, water) it comes to approx. Kshs 270,000 per month.
What is needed/should be done to ensure compliance with KRA? Declare gross and calculate 12% of gross. Before costs/expenses
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Rank: Member Joined: 7/24/2010 Posts: 239 Location: nairobi
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Sevian wrote:xtina wrote:Please advise on the above. It's a four-floor flat, income is approximately 300k a month and minus deductions (security, water) it comes to approx. Kshs 270,000 per month.
What is needed/should be done to ensure compliance with KRA? Declare gross and calculate 12% of gross. Before costs/expenses 300,000*0.12=36,000 and enjoy your sleep. This time KRA is going to make kill considering most building in Nairobi have been surveyed.
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Rank: Member Joined: 7/23/2009 Posts: 526
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innovator wrote:Sevian wrote:xtina wrote:Please advise on the above. It's a four-floor flat, income is approximately 300k a month and minus deductions (security, water) it comes to approx. Kshs 270,000 per month.
What is needed/should be done to ensure compliance with KRA? Declare gross and calculate 12% of gross. Before costs/expenses 300,000*0.12=36,000 and enjoy your sleep. This time KRA is going to make kill considering most building in Nairobi have been surveyed. This is on a monthly basis. I think you should also consider paying advance tax as it will exceed Kshs. 40,000 p.a. Accept no one's definition of your life; define your life.
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Rank: Member Joined: 1/31/2007 Posts: 304
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Sevian wrote:xtina wrote:Please advise on the above. It's a four-floor flat, income is approximately 300k a month and minus deductions (security, water) it comes to approx. Kshs 270,000 per month.
What is needed/should be done to ensure compliance with KRA? Declare gross and calculate 12% of gross. Before costs/expenses Has the new tax come into effect??? I thought it has to wait for the MPs approval
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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moneydust wrote:Sevian wrote:xtina wrote:Please advise on the above. It's a four-floor flat, income is approximately 300k a month and minus deductions (security, water) it comes to approx. Kshs 270,000 per month.
What is needed/should be done to ensure compliance with KRA? Declare gross and calculate 12% of gross. Before costs/expenses Has the new tax come into effect??? I thought it has to wait for the MPs approval Yeah MPs have to approve first
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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 i.am.back!!!!
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Rank: New-farer Joined: 1/30/2015 Posts: 23
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In other words you have to pay KRA even before you pay yourself..NKT!
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Tbags wrote:In other words you have to pay KRA even before you pay yourself..NKT!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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Impunity wrote:Tbags wrote:In other words you have to pay KRA even before you pay yourself..NKT!
.. and if you are employed, you work for KRA the first 2 weeks every month, coz you end up paying about 50percent of your salary in taxes directly or indirectly
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Landlords of Wazua and compliance with KRA
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