Withholding Tax in Kenya
Withholding tax is a system of collecting tax whereby a party making payment of certain income is required to withhold tax at a specified rate. The Tax withheld has to be remitted to KRA by 20th Day of the month following the month in which the tax was deducted…
Installment Tax Return in Kenya
Installment tax return allows taxpayers to pay tax as the current year of income progresses. The installment tax should be submitted as follows For ordinary taxpayers 1st installment to be submitted by the 20th of the fourth month…
Tax evasion in Kenya – Pairing taxpayers might be the answer
Barclays bank used credit and debit cards from credit card companies namely VISA, Master card and American express. KRA demanded withholding tax on the amounts payable by the bank to credit card companies and on management fees for the service charges to…