× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

KRA sensitises traders on new tax

NEWS
By Antony Gitonga | Dec 12th 2018 | 2 min read
By Antony Gitonga | December 12th 2018
NEWS

Kenya Revenue Authority (KRA) will partner with county governments to enforce the new presumptive tax that comes into effect on January 1.

The tax will target small-scale traders seeking business permits from county governments.

This emerged when senior officers from KRA met traders at a Naivasha hotel to sensitise them on the new tax.

According to the KRA’s supervisor in charge of Corporate Policy Unit Leonard Cheserem, traders will pay the tax separately from the business permit fee.

The presumptive tax will replace the turnover tax which has been in place for a number of years.

Cheserem said the tax would be charged at the point of single business permit licensing and applied to small and medium enterprises with a gross turnover of less that Sh5 million.

“Traders are supposed to pay this tax directly to KRA and we are working closely with the county governments to make sure that we meet our targets,” he said.

“The rate of the presumptive tax is 15 per cent of the single business permit or the trading license paid by the small-scale traders,” he said.

KRA Naivasha station manager John Maina said they are keen to work with traders and help them resolve tax-related issues.

“The new presumptive tax can be paid through the KRA pay bill number or through our partner banks after generating a payment registration number,” he said.

Seeking data

On rental income tax, Mr Maina said the authority was seeking more data from Kenya Power, water authorities and land officers.

“Some landlords have ignored to pay the rental taxes and we are getting data from the Government institutions so that they can pay as per the law,” he said.

One of the traders, Steve Mburu, however, lamented over the manner that KRA was conducting its affairs, saying it made many of them fearful of the authority.

Share this story
Uhuru criticises banks over SME lending
President Uhuru Kenyatta has urged banks to be more innovative in devising ways of lowering the risk of lending to small businesses.
China rejected Kenya's request for Sh32.8b debt moratorium
China is Kenya’s largest bilateral lender with an outstanding debt of Sh692 billion.
.
RECOMMENDED NEWS
Feedback