40,000, then you should pay in installments via iTax. If the annual tax liability is projected to exceed Kshs. Generate a payment slip via iTax and make payment at any of the KRA appointed banks. What is the penalty for late filing Corporation Tax? The Return covers one fiscal year which is a period of 12 months within which the corporation chooses to make its financial statements.ĭo I need an auditor for Corporation Tax filing? Filing after 6 months attracts a penalty.
BETTING UNIT CALCULATOR HOW TO
How to account for investment deductions.Ĭorporation Tax is filed online via iTax by filing an Income Tax Company Return (IT2C Form), on or before the sixth month after the end of an accounting period.įor instance: a company whose accounting period runs from 1 Jan - 31st Dec is allowed up to 30th June of the following year to file their Income Tax - Company Return. How long are EPZ exempt from corporation tax? What Corporation Tax incentives do newly listed companies enjoy? Some companies enjoy corporation tax incentives and exemptions. Non-resident companies are taxed at a rate of 37.5%.ĭo self-employed people pay Corporation Tax?.Resident Companies are taxed at a rate of 30%.Corporation Tax What is the Corporation Tax rate? PAYE is deducted monthly at the prevailing individual income tax rates, on or before 9th of the following month.Ĭompanies and Partnerships without PAYE to remit should file a NIL return via iTax.Īfter filing the PAYE return, generate a payment slip online via iTax and make payment at any of the KRA appointed banks.ĭoes PAYE include earnings from casual employment?Ģ.
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