KRA DEADLINE IS FAST APPROACHING, FILE YOUR NIL RETURNS USING THE FOLLOWING SIMPLIFIED PROCEDURE: HOW TO FILE KRA NIL RETURNS VIA THE OFFICIAL KRA PORTAL
♦Note: filing of returns is a mandatory exercise for all Kenyan citizens
The window period issued by the Kenya Revenues Authority for filing 2019/2020 returns is set to expire tomorrow.
It is therefore important for individuals to declare their income, assets, and liability to avoid hefty penalties.
According to the 2018 Finance Act, failure to file individual tax returns attracts a penalty of up to Kshs 2, 000.
KRA NIL RETURNS
Filing KRA nil returns does not apply to all individuals. It applies to individuals who do not have a monthly source of income, the unemployed category.
Nil returns also apply to individuals whose monthly income does not meet the threshold for being taxed that is below sh 24, 000.
Note that university students and college students are among the unemployed category. Therefore, they need to file their nil returns as directed by the government.
LATEST REQUIREMENTS FOR KRA NIL RETURNS FILING
Before commencing the process of filing your Nil returns, ensure that you have the following key requirements:
KRA PIN Number
KRA iTax Password
KRA PIN NUMBER
This is a unique identification number usually tied to an individual’s ID. It is a key requirement without which you cannot proceed with the application process.
It is obtained from the KRA PIN certificate. This is an alphanumerical (with both letters and numbers) pin.
The iTax password enables you to access and log onto the official iTax portal.
RESETING YOUR iTax Password
In case you have forgotten your password, you can always reset it by clicking on the “Forgot password/Unlock Account.” Answer the security question then click on the tab labeled “Submit” to reset it.
A new password will be sent to the email you used to register for your KRA PIN.
HOW TO FILE KRA NIL RETURNS; STEP BY STEP GUIDE
LOG IN to the official KRA iTax portal by clicking on the following link https://kra.go.ke/KRA-Portal
Enter your KRA PIN then click on the tab labeled CONTINUE to proceed.
Fill in your PASSWORD, solve the SECURITY STAMP SUM then click on login to access the KRA iTax Portal Dashboard.
Select Tax Obligation as Income Tax-Resident Individual as shown below then click on NEXT
Select the Return Period for instance 01/01/2019 to 31/12/2019. Note that the return period is automatically generated, hence auto-filled based on your filing history
Click on the Submit button then download the KRA Nil Returns Receipt.