ITAX – Elimu Pedia https://elimupedia.com Number One portal for matters education, How to, TSC,KUCCPS, HELB,KRA , Top 10 bests,and Parenting. Sat, 15 May 2021 02:49:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.9 Teachers risk missing July pay over KRA returns https://elimupedia.com/teachers-risk-missing-july-pay-over-kra-returns.html Sat, 15 May 2021 02:49:21 +0000 https://elimupedia.com/?p=3253 Teachers risk missing July pay over KRA returns

Teachers under the teacher’s service commission, TSC, who will fail to file their KRA returns by 30th June will risk missing their salaries since KRA has raised its penalty for failing to file returns.

KRA had earlier on announced that Kenyans who fail to file their tax returns by the 30th June deadline will risk losing their KRA pin number. Teachers pay is subjected to taxation, which is only possible with a KRA pin.

“If the KRA pin numbers are revoked, payment won’t be effected for non-payment of tax,” explained a Garissa based KRA officer.

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The officer stressed that KRA published a new notice saying persons who have failed to file their respective tax returns without showing cause will lose their pin numbers after the lapse of the 30 day window period.

“Failure to file returns, unless cause is shown to the contrary, the commission of domestic taxes will have their pin deregistered and cancelled from the KRA system,” read part of the KRA notice.

In the KRA website, KRA listed 67727 pins intended for deregistration next month. The website further shows that teachers and other employed persons should file their tax returns using their P9 forms.

The list set for cancellation is linked to an estimated 7107 groups, individual accounts with balance, companies, schools and self-help groups.

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The intended deregistration and cancelation of the pins is part of KRA’s move to enforce tax returns compliance as provided in the 2015 tax procedure act. In this respect, KRA has asked tax payers to take advantage of the ongoing voluntary tax disclosure programme to rationalize outstanding tax payments and meet the filling requirements.

“ The tax payers are also encouraged to ta take advantage of the VTDP and apply, disclose and pay their outstanding liability with relief on interest and penalties,” read the notice. next.

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Kenyans who fail to file their tax returns By June 30  To Lose their KRA pins. https://elimupedia.com/kenyans-who-fail-to-file-their-tax-returns-before-the-june-30-deadline-to-lose-their-kra-pins.html https://elimupedia.com/kenyans-who-fail-to-file-their-tax-returns-before-the-june-30-deadline-to-lose-their-kra-pins.html#comments Mon, 03 May 2021 14:09:59 +0000 https://elimupedia.com/?p=3030 Kenyans who fail to file their tax returns By June 30  To Lose their KRA pins.

In a new notice published on Monday, the taxman said persons who have already failed to file their respective tax returns without showing cause will lose their pins after the lapse of a 30 day window.

“Failure to file returns, unless cause is shown to the contrary, the Commissioner of Domestic Taxes shall have their personal identification numbers (PINs) de-registered and cancelled from the KRA system,” read part the notice.

Read also:

How To File Your KRA Nil Returns This Year

5 Easiest Steps to File KRA Returns Using A Mobile Phone

Easier Ways To File your KRA Returns If You Are a KNEC Contracted Professional-Trouble With Withholding Tax?

On its website, the tax collection agency has listed 62,727 pins intended for de-registration in the next one month.

The list of pins set for cancellation are linked to an estimated 7,107 individual accounts with the balance, a majority, comprising of companies, schools and self-help-groups.

The intended de-registration and cancellation of the pins is part of KRA’s move to enforce tax returns compliance as provided for by the 2015, Tax Procedures Act.

KRA has asked tax payers to take advantage of its ongoing voluntary tax disclosure program (VTDP) to rationalize outstanding tax payments and meet the filing requirement.

“Taxpayers are also encouraged to take advantage of the Voluntary Tax Disclosure Program and apply, disclose and pay their outstanding liability with a relief on interest and penalties,” added KRA.

The loss of KRA pins is expected to have detrimental effects as the identification number being a prerequisite to processes such as the opening of bank accounts, jobs applications and even land registration.

Don’t lose your KRA pin:

Click here to file your returns if you are salaried or in a registered business

Click here to file your nil returns if you are a student, or unemployed but have KRA pin.

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