FILLING OF K.R.A RETURN (01/01/2019 - 31/12/2019)
Yet another financial year of 2020 is approaching quick, thus providing you an ample time for filling your K.R.A returns. For filling K.R.A you need to know what income tax is: Income tax is a direct tax that is imposed on income derived from Business, Employment, Rent, Dividends, Interests, Pensions among others. This are the guidelines for fillings of K.R.A returns. Individual Income Tax Individual Income Tax is charged for each year of income on all the income of a person, whether resident or non-resident, which accrued in or was derived from Kenya. Individual Tax Bands and Rates Annual Monthly Rates On the first Shs. 147,580 Shs. 12,298 10% On the next Shs. 139,043 Shs. 11,587 15% On the next Shs. 139,043 Shs. 11,587 20% On the next Shs. 139,043 Shs. 11,587 25% On all Income Over Shs.564, 709 Shs. 47,059 30% Taxation for Non- Resident's Employment Income Any amount paid to Non-Resident individua