![]() Please note that when generating the pay-in-slip the taxpayer selects their preferred bank. The taxpayer will make the payment in their preferred bank which is one of the commercial banks appointed by KRA. The taxpayer generates a payment slip from the i-Tax platform. Therefore, the taxpayer has tax to pay to KRA. In this type of VAT 3 tax return, the output tax (from sales) is more than the input tax (from purchases). The net monthly VAT can be either of the following: After completing the sales and purchase details in VAT 3, the net monthly VAT is established. The tax returns are submitted on computer-generated VAT 3 forms from KRA i -Tax platform. Failure to make the VAT returns attract fines, penalties and interests. The VAT Act (2013) require that the VAT 3 monthly returns are made by the 20th day. In case the 20th day falls on a holiday or a weekend, the VAT 3 returns are supposed to be made before then. VAT period is one calendar month – from the start to the end of a calendar month. In Kenya, the VAT Act (2013) makes it mandatory to file VAT 3 monthly returns by the 20th day of the month after the end of the tax period.
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