Important Notice from KRA

The Kenya Revenue Authority (KRA) has issued a reminder for all individuals and companies with a KRA PIN to file their tax returns. Whether you’re employed, self-employed, or have other sources of income, compliance is essential.

Key Points:

1. Deadline: The deadline for filing KRA returns is June 30th, 2024.
2. Who Should File?
   • Employed Individuals: If you were employed in 2023, even if you lost your job later, you must file a return for that year.
   • Multiple Employers: If you had multiple employers in 2023, declare all income received.
   • No Income: Even if you had no income in 2023, file a NIL return.
   • Other Sources of Income: Declare income from side hustles, rentals, farming, etc.
3. How to File:
   • Gather necessary documents (P9 form, insurance policy certificate, mortgage certificate, etc.).
   • Use iTax (KRA Portal) to submit your returns.
4. Penalties for Late Filing: Failure to meet the deadline results in a penalty of Ksh. 2,000 per year.

Remember, compliance ensures transparency, accurate tax assessment, and improved tax administration. File your returns promptly and avoid penalties!